CITIC Resources Target Price cut on Lower Kazakh Oil Output
29.07.2008
UOB KayHian said it has kept its "buy" call on CITIC Resources Holdings but has downgraded its net profit estimates and cut its target price to 4.45 hkd from 7.51 hkd on lower than expected oil production in Kazakhstan.
In a note to investors, UOB said KazMunaiGas Exploration and Production recently...