[ET Net News Agency, 20 November 2020] BOCOM Research raised its target price for CIMC
Enric (03899) to HK$5.4 from HK$4.05 and maintained its "buy" rating.
The research house said Enric's backlog slightly increased to RMB10.5bn by 3Q (versus
RMB10.2bn in July). BOCOM expects liquid food and clean energy segments to have better
recovery in 2H. It expects Enric to further work with Baowu Group on an integrated
solution for the whole industrial zone with total investment for 2H related revenue to
reach RMB0.5bn-1bn.
BOCOM raised its 2020-22 EPS forecast by 1.3%/3.3%/6.7% to factor in better revenue
growth. (KL)
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03899 CIMC ENRIC
Nominal 
5.920 -0.080 (-1.333%) Research Report
20/11/2020 15:44
{I-bank focus}BOCOM lifts CIMC Enric (03899) to HK$5.4
| Remark: | Real time quote last updated: 23/09/2024 17:59 |
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