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RTNominal unchange4.370 0.000 (0.000%)
Research Report

30/03/2021 16:53

{I-bank focus}Macquarie cuts Dali Foods (03799) to HK$3.9

[ET Net News Agency, 30 March 2021] Macquarie Research cut its target price for Dali
Foods (03799) to HK$3.9 from HK$4.1 and maintained its "underperform" rating.
The research house said Dali's 2020 revenue was in line, but net profit missed. However,
Macquarie believes that Dali should see sales growth accelerate from a low base in 2020;
it noted that a raw materials headwind is forthcoming, and Dali may step up A&P to push
new products.
Macquarie expects an earnings growth recovery in 1H 2021 to be short-lived, with
pressure being seen again in 2H. It lowered its 2021/22 net income by 7.3%/6.7%. (KL)

Remark: Real time quote last updated: 22/10/2021 17:59
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