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.
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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