HKEX (00388.HK) +3.400 (+2.046%) Short selling $29.91M; Ratio 4.029% 's
share price will be under pressure in the short term, but given that
the Shanghai-Hong Kong Stock Connect is expected to be launched within
the year, the Buy rating was reiterated with target price maintained at
$195, Bank of America Merrill Lynch said in a report.
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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