Credit Suisse, in the latest research report, initiated its Neutral rating on HUISHANG BANK (03698.HK) +0.010 (+0.305%) Short selling $36.44K; Ratio 0.031% ,
with a target price of $3.5, implying a 4% potential upside. Based on
the research house's China bank scorecard system, Huishang Bank scores
9.45, ranking 12th out of 20 listed China banks, with better asset and
loan mix and capital.
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.
Comments
Post a Comment