S B Warburg downgrades target price of CLP to HK$35.7 without buying suggestion

According to S B Warburg, the capital investment of CLP (0002) decreased from
 HK$30 bln to HK$22.5 bln in rule manipulated projects. So the composite annual
 average growth rate was downgraded from 6.4% to3.8%. The valuation of cash
 flow also was downgraded by 16% from HK$37 each to HK$31. Target price is 
downward adjusted to HK$35.7 as well. As there is only 10% rising space on the

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