辉立今天给Hu An出了36分的目标价，又在忽悠呢吧Hu An Cable – Result (Chan Wai Chee) Recommendation: BUY (Maintained) Previous close: S$0.115 Target Price: S$0.360 · Similar “Wild Ducks Flying Backward” performance as peers – higher revenues but lower net margins. · Positively, 18.0% gross margin in 9M11, in the wire & cable segment; and, a more stable 2.25% gross margin in copper rods. · Negatively, postponed TDR listing leads to higher interest expense; MV, HV and UHV production later than previously estimated. · PV not negatively impacted due to better RMB rate of exchange. Per share basis improved due to lower share base