[ET Net News Agency, 8 July 2024] Macquarie lowered the target price for U-Presid China
(00220) to HKD8.4 from HKD8.6 and maintained the "outperform" rating.
The research house said it is slightly lowering 2024E/2025E revenue 0.7%/1.7% due to
weaker-than-expected demand and cutting net profit 5.1%/2.1% to factor in less leverage
from lower volume growth. (rc)