[ET Net News Agency, 18 August 2021] Macquarie raised its target price for Yue Yuen
(00551) to HK$27.2 from HK$26.2 and maintained its "outperform" rating.
The research house said it lowered FY21 and FY22 earnings by 13% and 4%, respectively,
on lower manufacturing volume and margin assumptions to factor in the temporary Vietnam
production disruption. It currently assumes the disruption can be largely resolved in 3Q21
without any impact on longer-term growth as end demand remains healthy. (RC)