BEIJING, Aug. 23 (InfoChina) – Deutsche Bank said on August 23 that it gave China Netcom Ltd. (NYSE: CN, 0906. HK) a rating of“buy” and lifted its target price from 21 HK dollars to 22 HK dollars, thanks to the company’s good performance in value-added service sector and broadband service sector.
The bank also said that China Netcom’s maintenance of capital expenditure at low level will help alleviate the pressure from its poor performance in hardcore service sector.
Besides, China Netcom saw its share price fall sharply recently, which indicates a good opportunity to buy in.(Edited by Li Xiaoyu,
)
China Stock News 
