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CLSA ups Yue Yuen Industrial (00551) to HK$39
CLSA lifted its target price for Yue Yuen 
Industrial (00551) to HK$39 from HK$37.1, and maintained its "buy" rating. 
  Pou Chen offered to privatise Pou Sheng (03813) at an offer price of HK$2.03, or a 32% 
premium over its last closing price as Pou Sheng is poised for new initiatives which may 
adversely impact short-term profitability.
  The research house advised Yue Yue shareholders to vote for the scheme considering:
a broadly fair valuation for Pou Sheng, certainty of a special cash dividend, the
transaction allows Yue Yuen to focus on its OEM business & the disposal of Pou Sheng may 
eliminate some of the conglomerate discount on Yue Yuen

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