HKEX (00388.HK) -1.500 (-0.846%) Short selling $83.38M; Ratio 9.671%
mentioned in its annual results report that the Shanghai-Hong Kong
Stock Connect was launched on 17 November 2014. In the period from 17
November to 31 December, Northbound and Southbound Trading achieved
daily average turnover of RMB5.584 billion and HK$929 million
respectively. As at 31 December 2014, there were 97 China Connect
Exchange participants and 63 Trade-through Exchange participants
registered to participate in Northbound Trading, while there were 89
members of the SSE registered to participate in Southbound Trading. The
total revenue and other income contributed from the Stock Connect during
2014 was approximately $68 million.
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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