Sound Global

Sound Global: CEO Mr Li, resigns to pursue other career opportunities. To note, co’s CFO left on 14 Jan 2011 although major shareholder and chairman remains unchanged. Nomura issued a note on 18th Jan Buy with TP HK$6.4 but highlighted possible lack of communication from mgmt to shareholders. Co trades at 13x FY11F P/E and 20.62x trailing P/E.