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.
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...
Comments
Post a Comment