-
Nomura ups R&F Properties (02777) to HK$19.14
Nomura lifted its target price for Guangzhou R&F Properties (02777) to HK$19.14 from HK$19
and maintained its "buy" rating.
  The research house said R&F's 9-month 2017 results show relatively mild revenue growth,
mainly due to uneven booking progress. For full-year FY2017, Nomura expects strong 
results, with revenue growing 13%, core earnings up 53%, and gross margin up to 36.8% from
28.3% in FY2016. 
  Nomura raised its FY2017-19 core earnings forecasts by 0% 2%/2%, after factoring in
faster sales and revenue booking from 2018 onwards, and higher gross margin assumptions.

Comments

Post a Comment

Popular posts from this blog

-
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 19%. At the current level, it believes many  of the negatives are already priced-in.
Read more
-
HSBC HOLDINGS Appoints Malaysia CEO as Asia-Pacific One-Belt-One-Road Biz Manager  HSBC HOLDINGS(00005.HK)    +1.150 (+1.574%)    Short selling $311.30M; Ratio 15.773%   announced that Malaysia CEO Mukhtar Hussain was appointed to the newly created position of head of Belt and Road initiative in Asia Pacific, effective from 1 July.
Read more
-
Image
WKK INTL (HOLD) (00532.HK)    +0.100 (+15.152%)      announced the results for its subsidiary, Taiwan Kong King, for the nine months ended September 2014. The unaudited combined after-tax net profit decreased 30.26% to $12.239 million, compared with the same period last year. Revenue amounted to $177 million.
Read more