Bank of America to maintain Merrill Lynch to build a long buy

TYLER GROUPhttp://www.zimbio.com/The+Tyler+Group/articles/FSUrRY5fwMc/Bank+America+maintain+Merrill+Lynch+build

Bank of America to maintain Merrill Lynch to build a long

buy

Cheung Kong Commercial infrastructure (1038.HK) to HK buck 46.15 per share variety of test plate the lower limit in the first up placing 50 million shares, the failure to implement the excess placement, showing poor result.

Bank of America Merrill Lynch estimates the fact that placement can instantly make the online debt ratio of long to develop, from 6.7% all things considered of June, down 3%, 2012-14 total annual earnings per share diluted simply by 2%, 1% and 1%, is bound.

Bank of America Merrill Lynch join CKI price valuation yet attractive with M & A NEW prospects, and therefore maintain our BUY, target rate slightly reduced to HK usd 53.