Macquarie lowered the target price for Stella Holdings (01836) to HKD11.4 from HKD15.6 and downgraded the rating to "underperform" from "outperform".
The research house said it increases 2024E net profit by 26.3% YoY to factor in the positive profit alert in 1H24, but lowers 2025E/26E net profit by 27.7%/28.4% to factor in low visibility for Nike and luxury brand orders.
【你點睇】工聯會調查指外勞輸入政策影響漸現,多個行業失業比例較高,促暫停輸入外勞,你是否認同?► 立即投票