PC1 - Weak Q4 result but 2017 growth outlook intact - Earnings Flash
  • 2017-01-23T18:34:30
  • Company Research
PC1 released weaker Q4 results than our forecast due to a much higher loss from a steel production JV and a slow finalization process for some construction projects. We may revise down our target price in a coming note to factor this in, but we are confident in our 2017 forecast and BUY rating.