[ET Net News Agency, 27 November 2023] Jefferies lowered its price target for Tongdao
Liepin (06100) to HKD8 from HKD9.2 and maintained its "buy" rating.
The research house said in 2024, it estimates total revenue to grow at 1% YoY
considering the softness in cash billings in 2023 offset by cash billings growth in 2024.
It expects cost optimization to continue in 2024. (RC)