CULTURELANDMARK (00674.HK) 0.000 (0.000%)
expected to record a loss for the six months ended September 2014. The
loss was mainly due to impairment loss on share investments owing to
change in fair values of listed equity investment based on quoted market
prices of around HK$73 million; and loss on disposal of a subsidiary of
around HK$16 million
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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