China Yurun's latest share-buy still not impressive enough: anlayst

Even as 89,000 shares were bought.

According to Maybank Kim Eng, China Yurun announced that each of its chairmen Mr Yu Zhangli and CEO Mr Li Shibao, has bought 89,000 shares at an average price of HKD5.58 on 14 December. The company also said its business has performed as usual and steadily growing.

"We believe the top management’s share acquisition may likely to boost investors’ sentiment. However, we still dislike the counter’s low earnings visibility," the firm asserted.

It said that its last chat with management in mid-November suggests that it may fail to achieve its full year slaughtering volume growth target of 5% in FY12F, though various KPIs of it are showing sequential improvement in 3Q12.