Top
OUR TOP CALLS
  • Fundamental calls

Trading List (Px at 4 May)

Comtec (0712 HK, HK$4.28)
HL Tech (1087 HK, HK$2.40)
Tongda (0698 HK, HK$0.38)
Ecogreen (2341 HK, HK$2.63)
Solagiga (0757 HK, HK$2.36)

Watch List (4 May 2011)

Fong's (0641 HK, HK$4.98)
Boer Pwr (1685 HK, HK$8.15)
Truly (0732 HK, HK$1.49)
Ming Fai (3828 HK, HK$2.29)
NewOcean (0342 HK, HK$1.54)
Leoch Int'l (0842 HK, HK$3.80)
Costin NM (2228 HK, HK$5.03)

RESEARCH REPORTS
SALES CALLS
  • Trade calls
SEARCH
RECENT ON VAYUE.COM
SPONSORED BY

 

« Juteng International (3336 HK, HK$3.77) – Increase stake in Wah Yuen | Main | Industrial sector – Names in oblivion »
Thursday
May072009

China Renji (648 HK): Positioning for steady growth-BUY (from HOLD)

DateThursday, May 7, 2009 at 6:19PM

Key points:

-Turnover was up 255.2% YoY to HK$207.6m, net profit of HK$52.1m reverses a HK$76.9m loss a year ago

- Adjusted net profit of HK$92.5m beat our expectations

- Management keen to put resources to improve operating efficiency and revenue generating ability outside of its core markets of Shanghai and Beijing

- Two pronged expansion plan: 1) further expansion of CD&T network and 2) technology diversification

- Recently issued "opinion on the healthcare reform" in Apr 2009 aims to encourage private investment to enter into Chinese hospital service market. This would benefit specialist healthcare services provider such as China Renji

-Upgrade to BUY, target price HK$0.10

Enclosure

AuthorVAYUE.com Team | CommentPost a Comment | | | Print ArticlePrint Article

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.