Goldman Sachs said in the latest research report that CCB (00939.HK) -0.040 (-0.710%) Short selling $22.28M; Ratio 1.825% 's
net profit rose 8% year-on-year to RMB190 billion for the first nine
months, accounting for 80% of its estimated 2014 pre-provision operating
profit. The research house thought CCB's quarterly results were in line
with its expectations and maintained its Buy rating on the Bank, with a
12-month target price of $6.7.
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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