HK consumer stocks fall after Deutsche lowers price targets

Television Broadcasts

15/10/2018 08:44

** Shares of Hong Kong companies in consumer-related
products fall after Deutsche Bank lowers their target prices as
it sees early signs of weaker consumption for high-end products
    ** Television Broadcasts Ltd  0511.HK  and Chow Tai Fook
Jewellery Group Ltd  1929.HK  slip 2-7 pct after Deutsche
downgrades the stocks to "hold" from "buy" and cuts target price
to HK$20.30 and HK$8.41, respectively  
    ** Department store operator Lifestyle International
Holdings Ltd  1212.HK  and cosmetic chain operator Sa Sa
International Holdings Ltd  0178.HK  slide 1-4 pct after
Deutsche cuts their target price to HK$16.33 and HK$4.5,
respectively  
    ** Hang Seng Consumer Goods & Service Index  .HSCGSI  down
1.7 pct
    

 ((Reuters Messaging:
tingting.liu.thomsonreuters.com@reuters.net))