[ET Net News Agency, 24 January 2018] Nomura lifted its target price for Haitian
International (01882) to HK$24.98 from HK$23.66, and maintained its "neutral" rating.
The research house raised its EPS estimates by 1-3% for FY2017-19 on higher revenue
forecasts. But it thinks the stock is fairly valued at 1.2x PEG (FY2017 P/E over FY2018-19
EPS CAGR).
Nomura prefers Shanghai Mechanical & Electrical (Shanghai: 600835) as an attractively
valued elevator manufacturer to benefit from accelerating property completions in
2018-19.(KL)