[ET Net News Agency, 15 June 2021] Credit Suisse lowered its target price for R&F
Properties (02777) to HK$8.7 from HK$9.84 and downgraded its rating to "underperform" from
"neutral".
The research house said it revises down its FY21/22E earnings estimates by 50%/50% on
lowered assumptions for delivery and margins. (RC)