Guotai Junan international China environmental dredging maintain a neutral rating-punyu

Guotai Junan international funds: maintain a neutral rating China environmental dredging hot column to thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Chinese environmental dredging (00871 HK): positive fundamentals are no fundamental change, maintain "neutral" environmental protection dredging Chinese (00871 HK) in the first half of the 2016 revenue fell 12.6% to 346 million yuan (RMB, same below). Net profit fell 9.5% to $62 million. Results slightly higher than expected. During the period, the company sold 24 million yuan Affiliated Companies. Sales expenses and administrative expenses grew 69.2% and $6 million to $26 million and $44.3%. Infrastructure and dredging revenue fell 16.6% year on year, due to the company’s over reliance on domestic waterways and port areas to reduce investment, we expect the business will not recover in the next 3 years. Environmental dredging and water management revenue fell 20%, mainly due to the weak industry drag. We expect a slight increase in revenue for the next 3 years. The company’s accounts receivable for 1 years or more is still very high, and we expect that there will be significant provision for bad debts in the coming years. 2016-2018 fiscal year earnings per share were 0.077 yuan, respectively, $0.050 and $0.052. We do not see any changes that can improve the fundamentals of the company. We lowered the target price to HK $0.75, equivalent to 8.2 times 12.3 times forecast earnings ratio of 201620172018 years. Maintain a "neutral" rating. (both) to enter the Sina financial stocks] discussion相关的主题文章: