Salomon: Esprit weighed down to HK$8 level over top team disposing

With the stable management team of Esprit Holdings (0330) and no negative factors, Salomon Smith Barney reiterated today in the report the rating on Esprit as lead the market, 12-month target price at HK$12.5. 



On the other hand, Salomon pointed out that the continuous share disposals of the company by its top team will spread temporary selling pressure on the stocks, or even pull it down to HK$8. Nevertheless, the fund house thought it is the best time to absorb the shares of Esprit. 



The share price of the company shed 5.26% to end at HK$9 at midday on turnover of HK$16.92 mln.

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