HSBC pointed out that the third quarterly recurring profit of COSCO PACIFIC (01199.HK) +0.040 (+0.395%) Short selling $591.80K; Ratio 1.458%
increased 8% to US$87 million year-on-year, which was 4% lower than
estimates. The strong terminal business performance was offset by a weak
leasing business. HSBC lowered the projected earnings of Cosco Pacific
in 2014 to 2016 by 4%. It also expected the CAGR of the company in 2014
to 2016 will be 11%. The target price of Cosco Pacific was dropped from
$13.1 to $12.5, maintaining the rating of Overweight.
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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