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22032 SG-CICC@EC2412A (CALL)
RT Nominal down0.355 -0.070 (-16.471%)

18/01/2024 15:14

{I-bank focus}Morgan Stanley lowers CICC (03908) to HKD14.85

[ET Net News Agency, 18 January 2024] Morgan Stanley lowered its target price for CICC
(03908) to HKD14.85 from HKD17.01 and maintained its "overweight" rating.
The research house said it expects CICC to cut opex by a similar scale to offset revenue
pressure.
Its profit forecasts are lowered by 14.4%, 14.5% and 13.8% for 23e, 24e and 25e. (RC)

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