not vested
<Research Report>G Sachs reaffirms Buy on DONGJIANG ENV (00895.HK) with target lifted to $38.45
According to the latest research report by Goldman Sachs, the gross margin of DONGJIANG ENV (00895.HK)'s HWT business was 28.4% in 1H, topping the bank's estimation of 25%, showing the market has become more regulated under strengthened government supervision and the declined procurement costs.
The bank believed the acquisition of Karamay Wosen Environmental Technology will help DONGJIANG ENV to expand the HWT business in Xinjiang.
2014-2016 EPS estimates were raised to RMB0.79/1.16/1.52.
H-shares of DONGJIANG ENV was reiterated CL-Buy.
H-share target price was lifted to $38.45, and A-share target price hiked to RMB30.71. ~
Source: AAStocks Financial News