Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01800 CHINA COMM CONS
RTNominal up4.210 +0.170 (+4.208%)
Others

24/01/2018 16:52

[I-bank focus]HSBC lowers China Comm Cons (01800) to HK$12.2

[ET Net News Agency, 24 January 2018] HSBC Global Research lowered its target price for
China Communications Construction (CCCC)(01800) to HK$12.2 from HK$14.3, but upgraded its
rating to "buy" from "hold".
The research house said the upgrade reflects: (1) Financial innovation to overcome high
leverage; (2) corporate restructuring to benefit earnings and free up capital; and (3) a
better performing Chinese contractor in overseas markets.
The company reported robust growth of 30.6% in new contracts as of September 2017.
However, HSBC expects new contract growth to decelerate in 2018-19, with most of the
growth coming from PPP projects, railways, and overseas contracts. It reduced its 2017 EPS
estimates for CCCC by 25.8% due to lower revenue and lower margin assumptions. (KL)

Back to Others

Remark: Real time quote last updated: 24/09/2024 12:26
  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.