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Post by zuolun on Jan 22, 2016 15:05:58 GMT 7
CM Pacific: CIMB downgraded to Hold TP S$1.02 ~ 11 Nov 2015 CM Pacific: DBS maintained Buy TP S$1.45 ~ China Merchant Holdings' 3Q15 core earnings largely in line. Revenue rose 4% y-o-y in 3Q to HK$549m on higher revenue from Yongtaiwen E'way and contribution from Jiurui E'way. Gross profit rose a quicker 8% y-o-y to HK$335m. However, due to significantly lower other income (-85% y-o-y to HK$7m) from 1) absence of negative goodwill of HK$22.8m in 3Q14, 2) lower deferred income and effective interest on other receivables recognised and 3) forex losses in 3Q15 vs gains in 3Q14, pretax profit fell by 7% y-o-y to HK$357m. Looking ahead, the consolidation of the three newly acquired roads should help drive better top and bottom line growth. ~ 6 Nov 2015 Highlights from CM Pacific’s latest 3rd quarter results ~ 6 Nov 2015 CM Pacific: Bonus issue shares started trading on 3 Jun 2015 ~ 2 Jun 2015 CM Pacific: 1Q2015 results ~ 3 May 2015 CM Pacific: Bonus issue proposal ~ 2 Mar 2015 CM Pacific: 2014 Full-Year Results ~ 1 Mar 2015 CM Pacific: Proposes bouns share issue of 1-for-20 ~ 27 Feb 2015 招商局华建公路投资有限公司 (China Merchants Hua Jian Highway Investment Co., Ltd)CM Pacific ~ Bearish Bollinger Band Breakout, interim TP S$0.70, next TP S$0.64CM Pacific had a black marubozu and traded @ S$0.775 (-0.005, -0.6%) with 340,000 shares done on 22 Jan 2016 at 1555 hrs. Immediate support @ S$0.75, immediate resistance @ S$0.805. CM Pacific (weekly) ~ Riding on the correctiive ABC-wave down, interim TP S$0.70, next TP S$0.64CM Pacific: A lesson on negative dividend yields ~ 26 Jul 2015 CM Pacific: Are the dividends sustainable? ~ 22 Jun 2015 CM Pacific dividend history (2004 to 2015)Pressure seen on property trusts after buoyant year ~ 2 Jan 2016
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