[ET Net News Agency, 23 June 2021] Macquarie lowered its target price for Want Want
China (00151) to HK$5.58 from HK$6 and maintained its "neutral" rating.
The research house said Want Want released FY21 results with implied 2HFY21 revenue up
8.4% YoY, missing its estimate by 1.4%, and net income up 8.4% YoY, 5.7% below its
projection. It worries that the high comps base and rising raw material costs could lead
to challenges in FY22. (RC)