[ET Net News Agency, 26 June 2019] CICC Research lowered its target price for Tong Ren
Tang Technologies (TRTT)(01666) by 9% to HK$11.42 on lower sector valuation and maintained
its "outperform" rating.
The research house said TRTT's own manufacturing business faced pressure in 1H due to
capacity bottlenecks. However, market demand for the company's products remains strong and
TRTT raised the ex-factory prices of some products to keep the gross margin stable.
In 2018, the company reinforced its distribution system and plans to cooperate more with
high-quality distributors in 2019. CICC expects it to integrate sales subsidiaries and
have them focus on three areas - OTC, medical institutions, and agents. (KL)
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01666 TONG REN TANG
Nominal 
4.900 +0.080 (+1.660%) Research Report
26/06/2019 14:58
[I-bank focus]CICC cuts Tong Ren Tang (01666) to HK$11.42
| Remark: | Real time quote last updated: 25/04/2024 15:39 |
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