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Morgan Stanley stated that CHOW TAI FOOK (01929.HK)  +0.340 (+3.263%)    Short selling $34.53M; Ratio 22.994%   's interim results was in line with estimates. The business was affected by the Central Occupy Movement in October but was improved in November despite the soft demand. Due to the slow down in business growth from the second half of 2014, the company adjusted the flat annual revenue target to single-digit decrease. The target price of Chow Tai Fook was cut from $13.4 to $12.4 and the rating was maintained at Overweight. 

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