Alibaba founder Jack Ma and TENCENT (00700.HK) -3.900 (-3.145%) Short selling $112.23M; Ratio 6.332% Chairman Ma Hua Teng will participate in the fund raising plan of PING AN (02318.HK) +0.550 (+0.846%) Short selling $1.36B; Ratio 26.811%
though the H-shares, reported China Securities Journal.
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 19%. At the current level, it believes many of the negatives are already priced-in.
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