[ET Net News Agency, 24 June 2021] Daiwa reiterated its target price for SITC (01308)
at HK$45 and the "buy" rating.
The research house said it raises its 2022-23E EPS by 30-39% on the higher volume growth
and lower ASP decline, and maintain its 12-month TP of HK$45, based on an upcycle average
valuation of 15x PER on its 2021E EPS. (RC)