Morgan Stanley raised CSR (01766.HK) 0.000 (0.000%) 's
2014-2015 earnings forecasts by 11% and 6%, and lifted its target price
from $8.4 to $9.3 to reflect the robust results in the third quarter.
Rating was maintained at Overweight as the broker expected that the
company might benefit from the potential integration of the industry.
HSI Opens Up 48 pts; HKEX Sees Continuous Support European and the U.S bourses traded in a narrow range, while Hang Seng Index slightly opened higher 48 pts or 0.2% to 23,533 this morning. Hang Seng China Enterprises Index opened up 25 pts or 0.3% to 9,981. CHINA MOBILE (00941.HK) -0.200 (-0.226%) Short selling $77.91M; Ratio 6.417% and HSBC HOLDINGS (00005.HK) -0.500 (-0.752%) Short selling $72.58M; Ratio 5.675% opened lower 0.3% and 0.5%. Shares in TENCENT (00700.HK) +1.200 (+0.588%) Short selling $155.98M; Ratio 4.780% and AIA (01299.HK) -0.300 (-0.628%) Short selling $171.73M; Ratio 14.838% ticked up 0.8% and 0.5%. The market widely anticipated the upcoming launch of "Bond Connect" and "ETF Connect", sending HKEX (00388.HK) +0.900 (+0.460%) Short selling $327.94M; Ratio 11.452% higher 0.3% to $196 after yesterday's rally of 4.7%. Chinese financial...
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