[ET Net News Agency, 20 September 2021] Citi lowered its target price for VTech
Holdings (00303) to HK$62 from HK$84 and downgraded its rating to "sell" from "buy".
The research house said it lowers its FY22-24E earnings estimates by 9-10% owing to the
recent surge of freight cost to a YTD high again causing worse-than-expected margin
pressure. (RC)