In August, the above-scale industrial added value grew only 6.9% in August, hitting a fresh low since 2009. An official from the Ministry of Industry and Information Technology (MIIT) said in an interview with DZH News that such figure was out of his expectation, and he stressed that the country must boost the effective demand in the next four months, otherwise, the industrial growth will deviate from the reasonable range.
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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