HSBC Global Research lowered the target price for CTG Duty-Free (01880) to HKD55 from HKD120.3 and downgraded the rating to "hold" from "buy".
The research house said while the earnings outlook remains bleak, policies to boost the onshore duty-free market could boost growth for CTG.
【你點睇】烏軍攻入俄國庫爾斯克州近兩周,並炸毀兩座重要橋樑,你認為俄烏戰爭會否急劇惡化?► 立即投票