Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01378 CHINAHONGQIAO
RTNominal down9.750 -0.020 (-0.205%)
Others

09/01/2020 10:00

{I-bank focus}Goldman cuts China Hongqiao (01378) to HK$4.9

[ET Net News Agency, 9 January 2020] Goldman Sachs lowered its target price for China
Hongqiao Group (01378) to HK$4.9 from HK$5.7 and maintained its "neutral" rating.
The research house revised its earnings estimates for Hongqiao by -7% for 2019, -29% for
2020, and -42% for 2021 to reflect its updated view on aluminum/alumina sector outlook.
Goldman expects Chinese aluminum supply/demand balance to weaken in 2020, with 5%
incremental deterioration on capacity utilization, mostly driven by accelerated new
capacity additions, despite our expectations of potential recovery in demand from
contraction in 2019 to positive 1.8% in 2020. (KL)

Back to Others

Remark: Real time quote last updated: 19/04/2024 18:00
  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.