"DJ" Citigroup: Nokia orders continued by AAC <02018.HK> target price fell to 23 yuan

Citigroup said that as the Nokia orders continued to decline, down Ruisheng <02018.HK> 2011/12 annual profit forecast 22% / 20%. Reduce the target price from 26.6 yuan to 23 yuan, 15 times 2012 forecast earnings. Nokia second quarter of this year have a significant inventory adjustments, second quarter revenue is expected to AAC quarter fell 2 percent. Tablet PC with companies such as RIM and Motorola major customers are weakness, so the contribution of the second quarter, the company will be less ..."DJ" Citigroup: Nokia orders continued by AAC <02018.HK> target price fell to 23 yuan