Dresdner Kleinwort upgrades China Unicom target price by 15% to HK$15.5

Dresdner Kleinwort upgraded the forecasts of 2001 profit and EBITDA of China Unicom (0762) by 8% and 12%. Meanwhile it tuned up the 12-month target price of the company from HK$13.5 to HK$15.5 with an up range of 14.8%. Moreover, the fund house upgraded its comprehensive evaluation from HK$12.4 each to HK$15.5 each.

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