Credit Lyonnais: investment rating of Hutchison Whampoa Ltd enhanced to ¡§leading

Credit Lyonnais announced to uplift the investment rating of Hutchison Whampoa Ltd (0013) from ¡§lag the market¡¨ to ¡§outperform the market¡¨, in the belief that the investment sentiment grow favorable in the global telecom market, while it granted the company a target price of HK$87.1, 110% of the per share net assets of HK$79.16.

It further pointed out that per share net asset of Hutchison Whampoa was expected to increase due to the elevation in its telecom business value.

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