Maintain“Neutral”but cut TP to HK$37.62.We see no short term turnaround for the Company.We maintain the Company’s rating as“Neutral”but cut our TP to HK$37.62,representing 25.0x and 22.5x FY16 and FY17 PER respectively.
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$普拉达(hk01913)$ Maintain“Neutral”but cut TP to HK$37.62.We see no short term turnaround for the Company.We maintain the Company’s rating as“Neutral”but cut our TP to HK$37
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