CHINA LNG (00931.HK) -1.050 (-36.842%) Short selling $53.20K; Ratio 0.005% saw increasing selling orders after 2 pm with share price once down 70% to $0.86, which has offset the accumulated gains in the recent month. The stock is last trading at $1.82, down 36%, with volume surging to 994 million shares.
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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