Zoomlion Heavy (ZLIOY) 6.6800 $ZLIOY
Zoomlion Clients Validate Sales Numbers, Barclays Maintains Rating Citing Weak Hearsay Evidence
JCN Newswire - Wed May 29, 10:15AM CDT
Zoomlion Heavy Industry Science and Technology Co., Ltd. issued clarification announcements in Hong Kong and Shenzhen exchanges on 28 May 2013, citing its clients' support for its operational data against previous media reports questioning the leading heavy machinery producer's financial data. Zoomlion also reasserts its commitment to transparency and high corporate governance standards as it engages in strategic adjustment amid recent market reshuffling. Barclays Capital published a report on 29 May 2013, which indicated that, the Company's short-term stock price would be suppressed, while pointed out the related report was nothing new and downside pressure for the stock price was limited. Barclays Capital maintained its investment rating as "market weight" and targeted price of H-share at 7.98 HK dollar.
Zoomlion Clients Validate Sales Numbers, Barclays Maintains Rating Citing Weak Hearsay Evidence
JCN Newswire - Wed May 29, 10:15AM CDT
Zoomlion Heavy Industry Science and Technology Co., Ltd. issued clarification announcements in Hong Kong and Shenzhen exchanges on 28 May 2013, citing its clients' support for its operational data against previous media reports questioning the leading heavy machinery producer's financial data. Zoomlion also reasserts its commitment to transparency and high corporate governance standards as it engages in strategic adjustment amid recent market reshuffling. Barclays Capital published a report on 29 May 2013, which indicated that, the Company's short-term stock price would be suppressed, while pointed out the related report was nothing new and downside pressure for the stock price was limited. Barclays Capital maintained its investment rating as "market weight" and targeted price of H-share at 7.98 HK dollar.
