Morgan Stanley said PETROCHINA (00857.HK) -0.190 (-1.931%) Short selling $227.82M; Ratio 22.681% 's
6% year-on-year drop in its third-quarter profit is in line with the
expectation. The research house still believed it is a perfect time to
collect the company's shares as its share price has bottomed, which
reflected the pressure of declining oil price. In addition, the price
increase in fuel gas in Mainland and the company's capex reduction will
bring long-term positive impact on the stock price. The Overweight
rating was maintained for the stock.
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.
Comments
Post a Comment