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4-Traders Homepage  >  Equities  >  Tokyo  >  Daiwa Co., Ltd.    8247   JP3500200005

DAIWA CO., LTD. (8247)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Daiwa : lifts China EB Int'l to HK$11.7

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03/09/2018 | 01:35am CEST

[ET Net News Agency, 8 March 2018] Daiwa Research lifted its target price for China

Everbright International (CEI)(00257) to HK$11.7 from HK$10.35, and reiterated its "hold"

rating.

The research house said CEI as of end-2017 had 268 projects with total investment of

CNY73.1bn, of which 97 projects were under construction or in the preparatory stage with

total investment of CNY36.1bn.

CEI intends to further expand its scale in the coming years, and therefore, Daiwa

expects CEI's project ramp-up to remain robust over 2018-20, which will result in a high

proportion of non-cash construction revenue, heavy capex and rising gearing going forward.

Daiwa increased its 2018-19 EPS by 7-8% based on its latest assumptions for CEI's

project schedule for the period. (KL)

(c) 2018 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Daiwa Co., Ltd. Technical Analysis Chart | 8247 | JP3500200005 | 4-Traders
Income Statement Evolution
Managers
NameTitle
Jiro Miya President & Representative Director
Tokihiro Teraguchi Senior Managing Representative Director
Hideaki Kitamura Director
Junichi Shimada Director & Manager-Korinbo Branch
Masamitsu Murata Managing Director & General Manager-Sales
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