[ET Net News Agency, 9 September 2021] Haitong lowered its target price for China
Jinmao (00817) to HK$3.19 from HK$3.52 and maintained its "neutral" rating.
The research house said it cuts its GPM estimate by 2.3 percentage points to 21% for
FY21 and 5.2 percentage points to 20% for FY22 considering projects to be booked would
continue at a lower level compared to previous years' projects. (RC)