[ET Net News Agency, 4 July 2024] Daiwa lowered the target price for LK Tech (00558) to
HKD6 from HKD7 and maintained the "buy" rating.
The research house said it cuts FY25-26E revenue forecasts by 22-25% and net profit
forecasts by 11-15% mainly due to the diminished demand for die-casting machines from the
automotive industry. (rc)