Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00658 C TRANSMISSION
RTNominal up4.690 +0.190 (+4.222%)
Others

03/09/2019 17:12

{I-bank focus}Citi cuts China Transmission (00658) to HK$3.6

[ET Net News Agency, 3 September 2019] Citi Research cut its target price for China
High Speed Transmission Equipment (CHST)(00658) to HK$3.6 from HK$4 and maintained its
"sell" rating.
The research house said CHST's net profit was down 11% to Rmb128m in 1H. Citi assumed
its sales volume in China to rise around 20% in 2020 for rush installation prior to tariff
subsidy cancellation post end 2020.
It said CHST's GP margin was down 4.2ppts to 19% in 1H mainly due to sales price cuts.
Citi assumed the margin to rise in 2020 for rush installation but retreat in 2021.
Citi forecast CHST's net profit to grow 6% in 2019 for more disposal gain and 33% for
2020 for more wind gearbox sales from rush installation. It likes the company's disposal
of non-core business but is uncertain of its future business strategy. (KL)

Remark: Real time quote last updated: 06/12/2019 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 2019 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.