Citigroup first men's retailer Lipa "buy" rating

Investing in Citigroup said in a research note that it was given an initial rating of "Buy" from Trinity (0891.HK), a men's retailer of the LiFeng Group in Hong Kong, with a target price of HK $ 3.2. As a result, Bring high-end investment in China's high-end men's clothing growth opportunities. Libya was listed in Hong Kong on November 3 this year, up 49% on the first day. The company formerly known as the Wanbang Group, founded by the Lee family; Li & Fung investment in Asia in April 2006 purchased and renamed as Libang. Libang's current menswear brands in Greater China include Altea, Cerruti 1881, D'urban, Gieves & Hawkes, Kent & Curwen, and Salvatore Ferragamo through a joint venture. In its report, Citi pointed out that China's luxury menswear market recorded a compound annual growth of 26.6% in retail sales in 2006-08, while Euromonitor expects to grow 19.1% in 2009-2011. The bank's performance in the second half of 2009 and 2010 will reflect the strong same-store sales growth and gross profit margin recovery. Libya fell 0.36% in early trading Wednesday, to 2.74 Hong Kong dollars; the broader market Hang Seng Index. HSI dropped 0.7%.