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.
BASETROPHY GP (08460.HK) Expects Jan-Aug Results to Swing to Loss BASETROPHY GP (08460.HK) -0.013 (-8.280%) issued a profit warning. The group is expected to record a loss for the eight months ended 31 August 2017 as compared with a net profit for the same period of 2016, mainly due to the decrease in revenue recognised by the group and increase of listing expense
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