Credit Lyonnais downgrades profit outlook of Legend by 8%

Credit Lyonnais downgraded profit outlook of Legend Holdings (0992) in 2002 and 2003 by 8% to HK$907mln and 10% to HK$1244mln respectively. The investment rating was also downgraded from ¡§buying¡¨ to ¡§leading the market¡¨. Target price was downgraded from HK$7 to HK$5.4. Credit Lyonnais said the adjustment indicating the selling of personal computers will be slowed down in short terms.

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