[ET Net News Agency, 6 December 2018] Morgan Stanley cut its target price for Beijing
Enterprises Water (BEW)(00371) to HK$5.3 from HK$5.6 and maintained its "equal-weight"
rating, noting a lack of near-term industry and company-wise catalysts.
The research house said BEW's share price weakness has partially factored in concerns
that stem from a slowing down in proceeding with new PPP projects and executing on its
water asset fund.
Morgan sees risk to the company's achieving its Rmb30bn target for 2018. It thinks the
slowing down in PPP execution may affect the company's EPC (engineering, procurement and
construction) revenue and technology services revenue growth. (KL)
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00371 BJ ENT WATER
Nominal 
1.890 -0.040 (-2.073%) Others
06/12/2018 14:44
[I-bank focus]Morgan lowers BJ Enterprises Water to HK$5.3
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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