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.
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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