[ET Net News Agency, 25 May 2020] Morgan Stanley lowered its target price for China
Resources Power (00836) to HK$14.1 from HK$15.4 and maintained its "overweight" rating.
The research houses update their model to factor in 2019 and 1Q20 actual results and the
most recent operating data updates.
They cut their 2020-22 EPS estimates by 7.4%, 3.4% and 5.8%, respectively. They are now
forecasting 30.9%, 16.4% and 5.0% YoY net profit growth in 2020-22, respectively. (RC)