Credit Suisse, in the latest research report, raised up its 2014/15 earnings forecasts for CTEG (01363.HK) +0.230 (+2.987%) Short selling $3.52M; Ratio 6.536%
by 3% each to reflect a better profit outlook on Qingyuan Lvyou
industrial solid waste treatment. The Outperform rating on the company
was maintained and the target price was lifted from $9.7 to $10.
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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