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.
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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