Goldman raises TravelSky FY01 NP forecasts. by 14%

Goldman Sachs said it is raising its net profit estimates for TravelSky Technology Ltd. (0696) by 14 percent in 2001 to 421 million yuan, and by 5.6 percent in 2002 to 471 million yuan in view of the company's strong fundamentals. The house is increasing net profit forecasts for the following three years (2003-2005) by 7 percent on average, and its long-term growth rate increases to 19.6 percent.

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