Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00586 CONCH VENTURE
RTNominal up5.440 +0.120 (+2.256%)
Research Report

09/07/2020 17:37

{I-bank focus}Morgan cuts Conch Venture (00586) to HK$45.22

[ET Net News Agency, 9 July 2020] Morgan Stanley lowered its target price for China
Conch Venture Holdings (00586) to HK$45.22 from HK$47.85 and maintained its "overweight"
rating.
The research house said Conch Venture received 180kt of hazardous waste (HW) in 1H, up
75% from the 102kt recorded in 1H 2019. HW treatment volume accelerated to >40kt in June
from >30kt in both April and May, and 60kt in 1Q.
Normal solid waste delivered similar volume growth to close to 300kt in 1H versus 171kt
recorded in 1H 2019. It also accelerated to 75kt in June from 60kt in both April and May,
and 80kt in 1Q. The strong volume growth was driven by capacity ramping for the project
commissioned in 2019, despite the COVID-19 impact in February and March 2020.
Morgan forecast Conch Venture to report Rmb545m core earnings in 1H versus Rmb429m in 1H
2019. It trimmed its 2020-22 net profit forecasts by 1.4-2.1% to factor in the COVID-19
impact on the core business. (KL)

Remark: Real time quote last updated: 28/03/2024 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.