[ET Net News Agency, 30 October 2017] CICC Research raised its target price for CSSC
Offshore & Marine Engineering (COMEC)(00317) to HK$4.8 from HK$4.7, and maintained its
buy" rating.
The research house said COMEC's gross profit margin was 3.9% in 3Q; USD depreciation led
to falling profit margin for shipbuilding contracts and increased FX losses.
CICC lowered its 2017/18 EPS forecasts by 15%/18% from Rmb0.11/0.23 to Rmb0.10/0.19.
(KL)