[ET Net News Agency, 19 December 2023] Macquarie lowered its target price for JS Global
Lifestyle (01691) to HKD2.25 from HKD5.50 and upgraded its rating to "outperform".
The research house said it lowers 2023E/24E/25E EPS by 85%/81%/80% as it factors the
spin-off of the SharkNinja (ex-APAC) segment. Following the revisions, it expects JS
Global Life to deliver 6% revenue CAGR and 19% earnings CAGR for 2023E-26E. (RC)