Nanjing Panda Electronics benefits from mobile market growth

BNP issued a report and upgraded the target price of Nanjing Panda Electronics (0553) to HK$4.3, saying that the JV by Panda Electronics and Ericsson takes opportunities from telecom products and equipments blessed by the mushrooming growth in China mobile markets.

The fund house elevated the net profit forecast for this year and next year at RMB262 mln and RMB308 mln while the annual growth stand at 47% and 17.5%.

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