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3Q results core earnings up by 38%;reiterate Buy
报告类型：季报点评 页数：9 文件大小：311K 上传时间：2024-09-18
机构：德意志银行 作者：Tallan Zhou Karen Tang 59阅读 0收藏 0下载
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3Q slight miss; Cotai likely delayed till 2019 Strong quarter driven by both organic growth and acquired assets Buy: Solid earnings growth momentum Buy: 9M17 results within expectations 1HFY18 results preview 3Q17 results - decent OP numbers but investment losses; maintain Buy Consensus low; undemanding valuation; Buy re-iterated 3Q17: A solid top-line eroded by higher costs and D&A The war on entecavir, TDF and TAF Attractive entry, even if privatized;Upgrade to Buy
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