Parkson has seen its share price soar 96% since it started trading on November 30 last year, driven by acquisition news and strong investor demand for mainland consumer concept stocks. It now trades at about 40 times its forecast 2005 earnings and 29 times 2006 earnings.
Golden Eagle Retail, a spin-off from a private conglomerate founded by Chinese American entrepreneur Roger Wang, will be less demanding and has set a price range that will value the...
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