Morgan Stanley said in a report that BYD COMPANY (01211.HK) -4.550 (-8.434%) Short selling $243.09M; Ratio 34.900% 's net profit for the third quarter slid 26% yearly, or 92% quarterly, to RMB28.22 million, missing its and market estimates by 89% and 93%. Rating was downgraded from Equalweight to Underweight. Moreover, the company's earnings forecasts for 2014 and 2015 were cut by 54% and 7% respectively. Target price was slashed by 7% to $40 from $43 accordingly.
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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