CICC: Raises Goldwind Science & Technology (02208) target price to HK$17.39, maintains "Outperform" rating.
The bank raised its profit forecast for Jin Feng Technology for the next two years by 7.8% and 12.5%, to 3.31 billion and 4.74 billion RMB respectively.
Zhongjin released a research report indicating that Goldwind Science & Technology's performance in the third quarter was in line with market expectations, with revenue increasing by 25.41% year-on-year and 2.86% quarter-on-quarter. Net profit also increased by 170.64% year-on-year and 19.31% quarter-on-quarter. The bank raised Goldwind Science & Technology's earnings forecast for the next two years by 7.8% and 12.5% respectively, to 3.31 billion and 4.74 billion yuan. The bank continued to give the company an outperform rating in the industry, with an H-share target price raised by 56.5% to 17.39 Hong Kong dollars.
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Sinotrans Limited (00598) announced its performance for the first three quarters, with a net profit attributable to the parent of 2.679 billion yuan, a decrease of 5.17% year-on-year.
SUNSHINE INS (06963): The China Securities Regulatory Commission has accepted this company's application for the full circulation of its H shares.
CINDA INTL HLDG (00111):Purchase of notes and bonds
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