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.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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