The Lohas Park Phase 5 project of MTR CORPORATION (00066.HK) -0.150 (-0.483%) Short selling $3.26M; Ratio 8.052%
has closed for development intent submission this afternoon. The
project reportedly has received at least 14 submissions from developers,
including SHK PPT (00016.HK) -0.100 (-0.087%) Short selling $73.05M; Ratio 31.964% NEW WORLD DEV (00017.HK) 0.000 (0.000%) Short selling $1.15M; Ratio 1.449% WHEELOCK (00020.HK) -0.200 (-0.539%) Short selling $110.95K; Ratio 0.551% CHINESE EST H (00127.HK) +0.100 (+0.449%) EMPEROR INT'L (00163.HK) 0.000 (0.000%) Short selling $268.92K; Ratio 16.385% WING TAI PPT (00369.HK) +0.020 (+0.398%) CSI PROPERTIES (00497.HK) -0.005 (-1.538%) KERRY PPT (00683.HK) +0.200 (+0.769%) Short selling $1.19M; Ratio 4.716% and Nanfung.
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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