UBS stated that CHINA OVERSEAS (00688.HK) -0.250 (-1.199%) Short selling $52.21M; Ratio 13.458% achieved 78% of annual sales target in October, which was decreased by 15 ppts compared with same period last year. It is believed that the decrease was due to the weak sentiment and structural oversupply in certain tier 2 and lower-tier cities. UBS expected that the group could achieve a year-on-year contracted sales growth of 5% in 2015. The target price of China Overseas was decreased from $25.8 to $23.81. The rating was maintained at Neutral
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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