8% profit gain highlight China Fisheries Group's slow season

The company’s 1Q11 profit of US$19.7mln is “within expectations" for a ho-hum period, DBS Bank said.

The bank expects CFG to post “sequentially higher profits” for 2Q and 3Q due to the start of the main fishing season.

DBS is maintaining its “Hold” advice for CFG stocks. It also recommended PAH as a “cheaper alternative” for investors.

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