[ET Net News Agency, 23 October 2019] HSBC Global Research lifted its target price for
China State Construction International (CCSI)(03311) to HK$10.4 from HK$9.7 and maintained
its "buy" rating.
The research house thinks the company is firmly on track to see an ROE recovery driven
by higher asset turnover. Profitability also appears to be holding up better than expected
in mainland China and Hong Kong.
No cash flow data was given for 3Q, but management is comfortable that FY2019 operating
cash flows will be better than FY2018. HSBC believes the company could potentially
generate positive free cash flow in 2020.
It increased its FY2019 and FY2020 EPS forecasts by 7.7% and 2% respectively due to
better than expected profitability in mainland China and Hong Kong. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
03311 CHINA STATE CON
Nominal 
8.670 -0.040 (-0.459%) Others
23/10/2019 17:30
{I-bank focus}HSBC ups China State Cons (03311) to HK$10.4
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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