CHINA OVERSEAS (00688.HK) 0.000 (0.000%) Short selling $46.52M; Ratio 38.106%
announced that for the first nine months, the turnover of the group's
operations rose 12.6% year-on-year to $61.18 billion. Operating profit
amounted to $22.14 billion, up 13.4% as compared to the year-ago period.
Aggregate contracted sales totaled $105.6 billion, making up of 75.4%
of the annual target.
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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