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RTNominal down8.130 -0.100 (-1.215%)

29/07/2020 14:21

{I-bank focus}Goldman trims SJM Holdings (00880) to HK$9.9

[ET Net News Agency, 29 July 2020] Goldman Sachs trimmed its target price for SJM
Holdings (00880) to HK$9.9 from HK$10 and maintained its "buy" rating.
The research house said SJM's HK$784mn EBITDA loss in 2Q was inline with Goldman's
estimate. On results, Goldman revised its FY2020/21-22 EBITDA for SJM by 20%/<1%.
Despite the stock's outperformance over the last 3 months, Goldman believes it will
benefit in time from a resumption of IVS (individual visit scheme) application by the
Guangdong government in the coming months. (KL)

Remark: Real time quote last updated: 29/10/2020 12:35
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