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SCMP Reporter

HOLD Starlite Holdings

Closing price: $0.91

Target price: $0.96

Share price performance (%)

1wk: 9.63

3mths:4.54

1mth:22.66

1yr:109

The stock's rating  was downgraded to 'hold'  as it was now fully valued, analyst Niki Chu said.  Still, she  remained upbeat on the   firm. 'Looking forward, given the growing demand for  paper products and packaging printing, we expect strong sales in the future [for the firm],' she said. Starlite  recently announced results for the six months  to September with net profit  up 21 per cent at $36 million.

Sun Hung Kai Financial Group

HOLD Cathay Pacific Airways

Closing price: $14.90

Target price: $15

Share price performance (%)

1wk: 0.66

3mths:10.37

1mth:2.93

1yr:27.35

With passenger and cargo travel on the upswing, earnings estimates for the airline have been raised by 63 per cent to 90 cents per share for next year. The target price for the stock was upgraded by 36 per cent to $15 at a prospective price-earnings ratio of 16.7 times,  said Chin Lim  and Jacqueline Kuek.  However, they have maintained an 'equal-weight' rating on the airline as 'we believe the stock is fairly priced at its mid-cycle earnings value', they said.

Morgan Stanley

BUY Citic Pacific

Closing price: $17.80

Target price: $18.86

Share price performance (%)

1wk: 1.11

3mths:7.16

1mth:1.64

1yr:17.32

The rating for the red-chip conglomerate  has been upgraded from 'hold' to 'add' due to  its higher  value and yield.    Analyst John Godfray said the firm's Wuxi power station acquisition would   help  ease the loss of income generated from other projects previously sold back to the mainland.  He said investors might be relieved to see Citic not rushing to spend the proceeds from the disposals.

ABN Amro



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