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.
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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