Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01359 CHINA CINDA
RTNominal unchange0.670 0.000 (0.000%)
Others

01/02/2019 17:33

[I-bank focus]Morgan lowers China Cinda (01359) to HK$2.19

[ET Net News Agency, 1 February 2019] Morgan Stanley lowered its target price for China
Cinda Asset Management (01359) to HK$2.19 from HK$2.98 following its profit warning but
maintained its "equal-weight" rating despite a relatively cheap valuation.
The research house said the lower-than-expected result indicates higher uncertainties on
future business growth for Cinda and the industry alike.
Morgan lowered its 2018/19/20 EPS forecast by 29%/40%/39%, respectively, mainly driven
by (1) higher provision for financial assets, (2) lower income from other financial
assets, (3) slower growth of other financial assets, and (4) lower returns on its
restructured distressed assets and other financial assets. (KL)

Back to Others

Remark: Real time quote last updated: 26/04/2024 08:31
  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 2024 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.