-
JP Morgan said in its latest research report that YANZHOU COAL (01171.HK)  -0.010 (-0.164%)    Short selling $18.32M; Ratio 19.019%   's impressive results were related to a significant reversal of accrued safety expenses. The research house said due to recent policy measures, coal prices have seen bottom with spot prices already up 3% above the 3Q's reading. The company's Overweight rating was kept with a target price of $10.7.

Comments

Post a Comment

Popular posts from this blog

-
Image
BASETROPHY GP (08460.HK) Expects Jan-Aug Results to Swing to Loss BASETROPHY GP (08460.HK)    -0.013 (-8.280%)      issued a profit warning. The group is expected to record a loss for the eight months ended 31 August 2017 as compared with a net profit for the same period of 2016, mainly due to the decrease in revenue recognised by the group and increase of listing expense
Read more
-
Shanghai Pechem (00338.HK) Trading Sell Last price: HK$2.43 Resistance: HK$2.60 Support: HK$2.27/2.13 Shanghai Pechem closed lower at HK$2.43 in a long dark candle yesterday, short of the 0.38x retracement level at HK$2.41. Given that the Slow Stochastics has breached the previous low and the MACD is under the centreline, the stock is likely to test the 0.5x retracement level at HK$2.27. If the stock breaches this support, it will then test the 0.62x retracement level of HK$2.13. Expected Timeframe: 2 weeks to 2 months   Wisdom Group (01661.HK) Trading Sell Last price: HK$5.47 Resistance: HK$5.65 Support: HK$5.22/4.96 Wisdom Group gapped down to re-enter the moving average envelope yesterday on strong volume. With reference to the downside bias of both the Williams’ %R Indicator and the ROC, we expect the stock to test the moving average of the envelope at HK$5.22. If the stock crosses below the moving average of the ...
Read more
-
Image
67.450 +0.750 +1.124% 5.14M 345.52M 28.10 N/A 3.81% 170.41B 00003.HK HK & CHINA GAS 18.360 +0.560 +3.146% 28.73M 524.06M 25.61 3.52 1.91% 193.07B 00004.HK WHARF HOLDINGS 61.450 +1.650 +2.759% 6.59M 401.40M 6.34 N/A 2.77% 186.20B 00005.HK HSBC HOLDINGS 82.800 -0.170 -0.205% 10.17M 842.00M 12.71 1.07 4.59% 1,585.42B 00006.HK POWER ASSETS 74.500 +1.400 +1.915% 4.29M 319.77M 14.24 1.30 3.42% 159.00B 00011.HK HANG SENG BANK 132.200 +0.400 +0.303% 1.62M 213.66M 9.48 2.31 4.16% 252.75B 00012.HK HENDERSON LAND 51.050 +1.050 +2.100% 5.12M 262.05M 8.55 0.62 2.08% 153.15B 00013.HK HUTCHISON 106.100 +1.200 +1.144% 10.74M 1.13B 14.53 1.08 2.17% 452.34B 00016.HK SHK PPT 118.200 +0.700 +0.596% 5.20M 612.99M 7.74 0.79 2.83% 322.13B 00017.HK NEW WORLD DEV 9.890 +0.090 +0.918% 23.10M 227.84M 4.61 0.44 3.99% 85.69B ...
Read more