-
BofA Merrill Lynch, in its latest research report, said the Mainland banks stocks of higher risk assets and liabilities will benefit more from the declined interest rates, expecting Mainland banking sector will outperform against the insurance sector. In the Mainland banking sector, MINSHENG BANK (01988.HK)  +0.110 (+1.478%)    Short selling $25.43M; Ratio 7.387%   and CCB (00939.HK)  +0.020 (+0.357%)    Short selling $41.99M; Ratio 5.762%   were chosen as the top picks. Meanwhile, due to Shanghai-Hong Kong Stock Connect, the valuation of brokerage H shares is much higher than that of Mainland banks shares, and the former should have limited upside potential in near term. The research house expects CHINA CINDA (01359.HK)  -0.050 (-1.425%)    Short selling $5.92M; Ratio 5.008%   to outperform against other brokerage stocks, and downgraded CITIC SEC (06030.HK)  -0.380 (-2.023%)    Short selling $22.97M; Ratio 29.345%   from Buy to Neutral.

Comments

Post a Comment

Popular posts from this blog

-
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 19%. At the current level, it believes many  of the negatives are already priced-in.
Read more
-
Image
WKK INTL (HOLD) (00532.HK)    +0.100 (+15.152%)      announced the results for its subsidiary, Taiwan Kong King, for the nine months ended September 2014. The unaudited combined after-tax net profit decreased 30.26% to $12.239 million, compared with the same period last year. Revenue amounted to $177 million.
Read more
-
]Daiwa lifts Anta Sports (02020) to HK$43.5   Daiwa Research lifted its target price for Anta Sports Products (02020) to HK$43.5 from HK$40, and reiterated its "buy" rating.   The research house said Anta's 2017 earnings growth of 29.4% YoY to CNY3.1bn was in line with Daiwa's expectations. However, its results were mixed, with government grants and FX gains offsetting weaker-than-expected margins.   Nevertheless, Daiwa remains confident in the company's multi-brand and omni-channel strategy. It raised its revenue assumptions for 2018-19 to account for the recent revenue growth momentum and inclusion of the group's new brands, but trimmed its gross and  operating margin estimates on higher raw material, A&P, staff and rental cost assumptions. In all, Daiwa trimmed 2018 earnings and raised its 2019 earnings by less than 1%. 
Read more