-
Nomura, in its latest research report, raised its target price of BYD ELECTRONIC (00285.HK)  +0.740 (+8.959%)    Short selling $3.62M; Ratio 3.211%   from $6.8 to $14 in accordance with its upward revisions on the company's 2014/15 EPS estimates by 13% and 25% respectively. The research house recommended investors to further accumulate the stock for the potential earnings upside due to Samsung's transition from plastic casing to metal casting in its middle-class and high-class smartphone models since 4Q2014. 

Comments

Post a Comment

Popular posts from this blog

-
Shanghai Pechem (00338.HK) Trading Sell Last price: HK$2.43 Resistance: HK$2.60 Support: HK$2.27/2.13 Shanghai Pechem closed lower at HK$2.43 in a long dark candle yesterday, short of the 0.38x retracement level at HK$2.41. Given that the Slow Stochastics has breached the previous low and the MACD is under the centreline, the stock is likely to test the 0.5x retracement level at HK$2.27. If the stock breaches this support, it will then test the 0.62x retracement level of HK$2.13. Expected Timeframe: 2 weeks to 2 months   Wisdom Group (01661.HK) Trading Sell Last price: HK$5.47 Resistance: HK$5.65 Support: HK$5.22/4.96 Wisdom Group gapped down to re-enter the moving average envelope yesterday on strong volume. With reference to the downside bias of both the Williams’ %R Indicator and the ROC, we expect the stock to test the moving average of the envelope at HK$5.22. If the stock crosses below the moving average of the ...
Read more
-
HSI Opens Up 48 pts; HKEX Sees Continuous Support European and the U.S bourses traded in a narrow range, while Hang Seng Index slightly opened higher 48 pts or 0.2% to 23,533 this morning. Hang Seng China Enterprises Index opened up 25 pts or 0.3% to 9,981. CHINA MOBILE (00941.HK)  -0.200 (-0.226%)    Short selling $77.91M; Ratio 6.417%   and HSBC HOLDINGS (00005.HK)  -0.500 (-0.752%)    Short selling $72.58M; Ratio 5.675%   opened lower 0.3% and 0.5%. Shares in TENCENT (00700.HK)  +1.200 (+0.588%)    Short selling $155.98M; Ratio 4.780%   and AIA (01299.HK)  -0.300 (-0.628%)    Short selling $171.73M; Ratio 14.838%   ticked up 0.8% and 0.5%. The market widely anticipated the upcoming launch of "Bond Connect" and "ETF Connect", sending HKEX (00388.HK)  +0.900 (+0.460%)    Short selling $327.94M; Ratio 11.452%   higher 0.3% to $196 after yesterday's rally of 4.7%. Chinese financial...
Read more
-
UBS stated that CHINA OVERSEAS (00688.HK)    -0.250 (-1.199%)      Short selling $52.21M; Ratio 13.458%     achieved 78% of annual sales target in October, which was decreased by 15 ppts compared with same period last year. It is believed that the decrease was due to the weak sentiment and structural oversupply in certain tier 2 and lower-tier cities. UBS expected that the group could achieve a year-on-year contracted sales growth of 5% in 2015. The target price of China Overseas was decreased from $25.8 to $23.81. The rating was maintained at Neutral
Read more