TONLY ELEC (01249.HK) 0.000 (0.000%)
announced the results for the nine months ended September 2014. The
company recorded a net profit of around $113 million, representing an
increase of 27.4%, compared with the same period of last year. The
increase was mainly attributable to the completion of the group’s
acquisition of the remaining 20% equity of its subsidiary, Tonly
Electronics Limited in May. The EPS was $75.33 cents. No dividend will
be declared
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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