News Formal

Broker's take: DBS downgrades Citic Envirotech to 'hold' following earnings slump

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

DBS Equity Research has downgraded its recommendation on Citic Envirotech with a target price of S$0.34 after the environmental engineering services company posted a bottom-line slump for the second quarter and the first half of FY2019. Read more at The Business Times.

DBS Equity Research has downgraded its recommendation on Citic Envirotech with a target price of S$0.34 after the environmental engineering services company posted a bottom-line slump for the second quarter and the first half of FY2019.

After market close on Wednesday, Citic Envirotech reported a 66 per cent drop in net profit to S$14.7 million for the quarter ended June from S$43.3 million a year ago. Second-quarter revenue shrank 30.3 per cent to S$202.8 million, mainly attributed to a 30 per cent decrease in the engineering business and a 44.7 per cent decrease in membrane system sales.

While the provider of environmental engineering services notched quarter-on-quarter improvements in the construction and membrane solution segments for Q2, Ms Yeung said that it is"uncertain if the improvement can be sustained".

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 15. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Stocks to watch: HPH Trust, First Sponsor, AA Reit, CLT, Citic Envirotech, Sunpower, Libra GroupTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »

Stocks to watch: HPH Trust, First Sponsor, AA Reit, CLT, Citic Envirotech, Sunpower, Libra GroupTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »