JP
Morgan released its report with the comparison of the forecasts and
actual results in FY14/1H15 of 56 China/Hong Kong listed companies. The
results of 15 companies are above forecasts, 26 are in line and 15 are
below. The companies with better-than-expected results include AIA
(01299.HK) -0.300 (-0.618%) Short selling $233.44M; Ratio 22.512% , NEW WORLD DEV (00017.HK) -0.050 (-0.556%) Short selling $20.41M; Ratio 17.781% and CKI HOLDINGS (01038.HK) -2.800 (-4.182%) Short selling $44.13M; Ratio 19.429% .
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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