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67426 UB#HSI RC2610P (R BULL)
RT Nominal unchange0.620 0.000 (0.000%)

28/05/2024 14:44

{I-bank focus}Morgan lowers Chow Tai Fook (01929) to HKD12

[ET Net News Agency, 28 May 2024] Morgan Stanley lowered the target price for Chow Tai
Fook (01929) to HKD12 from HKD13.5 and maintained the "equal-weight" rating.
The research house said the company is due to report F24 earnings in early June. It
expects revenue and core operating profit to grow 15% and 28%, respectively, supporting
regular DPS growth. (rc)

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