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1H17 a small beat; Buy H shares on better traffic and pricing outlook
报告类型：半年报点评 页数：1 文件大小：118K 上传时间：2024-09-20
机构：德意志银行 作者：Vincent Ha Fei Sun Joe Liew 146阅读 0收藏 0下载
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Hold: Pricing pressure overwhelms volume growth Buy: The going is good 1H loss expected; captive plants closure positive for utilization outlook 2Q core earnings largely in-line 1H17 - Weak earnings as expected In-line 1H17 earnings with CX drag and fuel cost burden Hold: Complications to the growth story 1H17 results not as bad as they appear Looking for cashflow improvement; in line 1H17 results 1H17: Higher offshore interbank rates a key driver for earnings beat?
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