Morgan Stanley stated that the recent share price decline of FOSUN INTL (00656.HK) +0.450 (+5.096%) Short selling $13.66M; Ratio 16.975% resulted in more attractive valuation. Since the company has a high gearing ratio and primarily RMB debt, it is a beneficiary of the rate cut. In addition, the Hainan Mining IPO was priced higher than the upper range, higher than the estimates
BASETROPHY GP (08460.HK) Expects Jan-Aug Results to Swing to Loss BASETROPHY GP (08460.HK) -0.013 (-8.280%) issued a profit warning. The group is expected to record a loss for the eight months ended 31 August 2017 as compared with a net profit for the same period of 2016, mainly due to the decrease in revenue recognised by the group and increase of listing expense
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