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14849 HS-HSI @EP2503A (PUT)
RT Nominal unchange0.013 0.000 (0.000%)

18/06/2024 14:41

{I-bank focus}HSBC raises Tingyi (00322) to HKD10.4

[ET Net News Agency, 18 June 2024] HSBC Global Research raised the target price for
Tingyi (00322) to HKD10.4 from HKD9.7 and downgraded the rating to "hold" from "buy".
The research house said it lowers revenue estimates by 0.9% in 2024, 1.5% in 2025, and
1.8% in 2026, given the slower recovery in the instant noodle industry. (rc)

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