-
Citi lifts Fu Shou Yuan (01448) to HK$7.8
Citi Research lifted its target price for Fu Shou Yuan International Group
 (01448) to HK$7.8 from HK$6.9, and maintained its "buy" rating.

  The research house said the stock has risen 20% after the interim results beat. Citi
expects multiple catalysts to sustain re-rating ahead: (1) likelihood of winning cremation
machine tender in Qingpu, Shanghai; (2) strong run rate of pre-arranged funeral services;
(3) unique business model drawing interest from southbound investors; (4) potential
Ministry of Civil Affairs reform; (5) possible national policy opening up pre-arranged 
burial sales.
  Citi also raised its FY2017-19 earnings estimates 2-5%.

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