Credit Suisse said in the latest research report that ZIJIN MINING (02899.HK) -0.040 (-2.094%) Short selling $1.85M; Ratio 6.927% 's
3Q14 net profit increased 24% year-on-year and 46% quarter-on-quarter,
and excluding the one-off gain, the recurring net profit dropped 31%
quarter-on-quarter, mostly in line with expectations. The research house
upgraded its rating on the company from Neutral to Outperform and
lifted the target price from $2.2 to $2.
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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