STANCHART (02888.HK) -6.700 (-4.820%) Short selling $13.75M; Ratio 10.912%
released the interim management statement for the third quarter ended
30 September 2014. Operating income rose 0.96% year-on-year to US$4.514
billion. Profit before tax amounted to US$1.53 billion, down 16.39% as
compared with the year-ago period.
CLSA lowers Beijing Ent Water (00371) to HK$6 CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating. The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not necessarily bad. CLSA cut its 2018-19 earnings forecasts by...
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