Lyonnais broadly upgrades the target price of Greencool by 50% to HK$4.5

After chairman and president of Greencool Technology Holdings (8056) Gu Chu Jun reported to dispose 15 mln shares, Credit Lyonnais upgraded the target price of the company by 50% from HK$3 to HK$4.5 and advised the investors to buy. The new target price was about 10 times of the forecasted price/earnings ratio in 2002.

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