-

Bank of America Merrill Lynch said in its latest research report that in order to avoid direct competition with the entry level luxury brands, it is more convinced that GAC GROUP (02238.HK)  +0.100 (+1.263%)    Short selling $7.25M; Ratio 18.013%   will speed up its sales on vehicles with downsizing engine during 2014-16. BofA ML believed the same store sales growth and capacity utilization rate will improve in 3Q2015, however, its was too early to factor in a robust growth in the 2H2015 due to the engine downsizing strategy. The target price was cut from $9.96 to $8.42 and the Neutral rating was maintained.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2014-09-17 16:25.)

Comments

Post a Comment

Popular posts from this blog

-
Image
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK)    -0.160 (-1.447%)    Short selling $8.89M; Ratio 25.055%   announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
Read more
-
CLSA lowers Beijing Ent Water (00371) to HK$6   CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating.   The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not  necessarily bad.   CLSA cut its 2018-19 earnings forecasts by...
Read more
-
Image
HAECO (00044.HK) 2017 Loss $540M, 2nd Interim Div. $0.5   AECO (00044.HK)    -0.250 (-0.530%)      Short selling $18.92K; Ratio 2.633%     announced annual results for the period ended 31 December 2017. The loss amounted to $541 million, against the profit of $975 million in the year-ago period. Loss per share equaled $3.25. A second interim dividend of $0.5 was declared.
Read more