Salomon: Beijing North Star target price at HK$1.62

Salomon Smith Barney pointed out that the price of Beijing North Star (0588) soared 141% and represented 19 times of 2001 predicted earning ratio, posting a discount of 19% over the net asset value per share. The fund house set the target price of Beijing North Star at HK$1.62, a discount of 30% over the net asset value per share, while maintained its investment rating as ˇ§lagging the marketˇ¨.

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