Premier
Li Keqiang mentioned in the government work report that the
Shenzhen-Hong Kong Stock Connect will be launched in due course.
Meanwhile, the chairman of China Securities Regulatory Commission (CSRS)
Xiao Gang expected the Stock Connect to be approved in the first half
of 2015. CSRC will hold a press conference announcing the details of
SZ-HK Stock Connect in Beijing on Sunday, Nanfang Daily reported,
quoting the response from Shenzhen Stock Exchange. An in-depth
explanation on the above work progress will be given by that time.
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...
Comments
Post a Comment