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RTNominal down44.800 -1.100 (-2.397%)
Research Report

21/05/2021 17:28

{I-bank focus}Macquarie cuts Yihai Int'l (01579) to HK$55

[ET Net News Agency, 21 May 2021] Macquarie Research cut its target price for Yihai
International (01579) to HK$55 from HK$60 and maintained its "underperform" rating.
The research house said its industry checks pointed to a disappointing April, and the
company confirmed that 2Q third-party business would miss the 30% growth target. Net
profit growth should fall behind the top-line increase as a result of rising A&P expenses
to push for new products and brand building.
Macquarie tweaked down its FY2021/22 earnings forecasts by 8.7%/8.6% to factor in
slower-than-expected sales growth and higher A&P expenses. (KL)

Remark: Real time quote last updated: 26/11/2021 17:59
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