HKEX (00388.HK) -1.100 (-0.613%) Short selling $30.91M; Ratio 4.829% expects a trading link with the Shenzhen Stock Exchange to be launched in the second half of this year, Reuters cited the source as saying. Such timeline could lower China's chance of being included in the MSCI Index.
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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