TC

26/04/2024 15:07

{I-bank focus}HSBC keeps CIMC Enric (03899) at HKD8.7

  HSBC Global Research kept the target price for CIMC Enric (03899) to HKD8.7 and maintained the "buy" rating.
  The research house said it assumes a larger decline in revenue for the chemicals segment. It lowers revenue growth rate assumption from 15% to 10% for the liquid food segment due to a prolonged delay in several new projects.

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