Goldman Sachs: if Vod decreased to 100 pennies, share of Hutchison worth HK$67

Although Vodafone was depreciated sharply, Goldman Sachs issued report to re-evaluate net asset value of shares of Hutchison Whampoa (0013). Even at worst, share of Hutchison Whampoa is worth HK$67 each. Goldman Sachs said it is good opportunities to make absorption and 12-month target price is set at HK$100. Last week, share price of Vodafone dived sharply. On last Friday it closed at 144.75 pennies, down 27.6% against 200 pennies, the par value of shares held by Hutchison Whampoa.

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