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Credit Suisse Raises CHINA OVERSEAS (00688.HK) Target to $36.3; Rated Outperform
Credit Suisse stated in its research report that CHINA OVERSEAS (00688.HK)  +1.150 (+4.244%)    Short selling $90.64M; Ratio 18.410%   's 2017 core profit rose 21% yearly to $32.6 billion, 9% and 8% below its and street expectations, while the 32.9% gross profit margin beat its estimates. The dividend yield equaled 3%.

The broker has confidence in CHINA OVERSEAS (00688.HK)  +1.150 (+4.244%)    Short selling $90.64M; Ratio 18.410%   's recovery in operation, given the quality saleable resources, strong balance sheet and improving execution, for which the company was kept rated Outperform at the target price $36.3, lifted from $35.7.

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