Block Trade] A bearish block trade of 2.9M shares of REXLOT HOLDINGS(00555) occurred at price of HK$0.78 and turnover of HK$2.262M at 03:59p.m . The last price is down 1.25%. Today's highest price is $0.8 and lowest price is $0.78. Total volume is 66.741M shares and total turnover is HK$52.561M.
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...
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