Friday, January 21, 2011

Longcheer - Longcheer Holdings downgraded to 'sell' by DBS

Stock Name: Longcheer
Company Name: LONGCHEER HOLDINGS LIMITED
Research House: DBS Vickers

DBS Vickers Securities in a Jan 20 research report says: "Our channel checks indicated that in Nov/Dec, the India handset market was plagued with a severe stock pile in the feature phone segment (Longcheer's key products) due to: (1) weak sell through during Deepavali; and (2) smartphone's cannibalisation of the low to mid range feature phones.


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