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.
BASETROPHY GP (08460.HK) Expects Jan-Aug Results to Swing to Loss BASETROPHY GP (08460.HK) -0.013 (-8.280%) issued a profit warning. The group is expected to record a loss for the eight months ended 31 August 2017 as compared with a net profit for the same period of 2016, mainly due to the decrease in revenue recognised by the group and increase of listing expense
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