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.
Hopewell Hold (00054) sells Hopewell Infr stake for $9.9B Hopewell Holdings (00054) has agreed to sell 2.055 billion shares of Hopewell Highway Infrastructure (00737) , representing 66.69% of the issued share capital of the company, to Shenzhen Investment International Capital Holdings Infrastructure Co. to HK$9.865 billion in cash, or HK$4.8 per share, which has a discount of 3.61% to the closing price of HK$4.98 per share on 29 December 2017. Upon completion of the deal, the purchaser and parties acting in concert with it will own a total of 66.69% stake in Hopewell Highway Infrastructure and the purchaser will be required to make an unconditional mandatory cash offer for all other issued shares of Hopewell Highway Infrastructure also at HK$4.8 per share. The total consideration of the offer will be HK$4.927 billion assuming full acceptance of the offer. The offeror intends to maintain Hopewell Highway Infrastructure's share listing following the close of...
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