Morgan Stanley lowered the projected EPS of FIH (02038.HK) +0.040 (+1.013%) Short selling $2.19M; Ratio 9.135%
in 2014 by 10% but uplifted the 2015 projected EPS by 10%, reflecting a
quarter's delay in the increased production of flagship models and the
better control on OPEX. Morgan Stanley expected that the company will
experience a 84% growth in 2015. It also raised the target price of FIH
from HK$5 to HK$5.3 and reiterated the rating of Overweight.
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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