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| Friday, 6 February 2015, 18:16 HKT/SGT | |
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HONG KONG, Feb 6, 2015 - (ACN Newswire) - Sound Global is preparing materials to present to HKEx. The company is committed to providing more detailed response to the allegations promptly and to rebutting false claims.
Following Emerson, RHB OSK SECURITIES reiterated its BUY rating on Sound Global with target price HKD12.00. Another source shows the preliminary comments from Nomura, saying Emerson's report is full of not-directly-linked details, as well as hyperbole, but lack of logic.
The market is getting its time to digest what Emerson alleged, while water stocks is doing their rebound obviously.
Topic: Press release summary
Sectors: Daily Finance, Daily News
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