[ET Net News Agency, 5 June 2024] Morgan Stanley lowered the target price for Sh
Electric (02727) to HKD1.3 from HKD1.52 and maintained the "underweight" rating.
The research house said it lowers net profit estimates for 2024 and 2025 by 9% and 12%,
respectively, to RMB2,501mn and RMB2,404mn, reflecting lower GPM assumption for wind
turbine due to intensified competition. (rc)