Barclays, in the latest research report, upgraded PACIFIC BASIN (02343.HK) +0.410 (+11.615%) Short selling $23.89M; Ratio 15.250% 's
rating from Overweight given an attractive risk reward of the company.
However, the research house cut its 2014 estimated book value per share
due to asset impairments and weaker-than-expected freight rates of
Pacific Basin, and correspondingly lowered its target price from $4.8 to
$4.3.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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