Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01508 CHINA RE
RTNominal unchange1.230 0.000 (0.000%)
Others

25/11/2019 14:08

{I-bank focus}Nomura lowers China Re (01508) to HK$1.34

[ET Net News Agency, 25 November 2019] Nomura lowered its target price for China Re
(01508) to HK$1.34 from HK$1.62 and downgraded its rating to "neutral" from "buy".
The research house thinks China Re should focus on improving the ROEs of its main
subsidiaries with key strategies, including (1) increasing dividend payout ratio rather
than fundraising, to increase (rather than decrease) financial leverage; (2) accelerating
business development to utilize capital more efficiently, and (3) improving underwriting
profitability.
In addition, Nomura believes that China Re should consider spinning off its subsidiaries
and increase market-based incentives to its management team through mixed-ownership
reform.
It lifted its FY2019 earnings by 14% given the company's strong growth during 1Q-3Q,
while Nomura revised its FY2020/21 earnings forecasts by +0.1%/+3%. (KL)

Remark: Real time quote last updated: 24/01/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.