Credit Suisse slashed ANTON OILFIELD (03337.HK) -0.370 (-17.209%) Short selling $26.79M; Ratio 24.556% 's
2014-2016 earnings forecasts by 30%-57% to reflect the income trend for
the first nine months of this year, while expecting that the company's
revenue this year would recede 5% and profit for 2014 would decrease
84%. The broker cut the target price from $2 to $1.4 and reiterated the
Underperform rating.
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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