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<Research>DBS Drops YUEXIU PROPERTY (00123.HK) TP to $6.53 as Interim Results Slightly Miss
Recommend 10 Positive 7 Negative 13 |
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YUEXIU PROPERTY (00123.HK)'s 1H24 results slightly missed expectations due to lower-than-expected profit margin and tightened short term liquidity, DBS Group Research issued a research report saying. DBS Group Research lowered its FY2024-FY2025 earnings forecasts for YUEXIU PROPERTY by 15-22% based on lower margin assumptions given the physical market downcycle, according to the report. Its share price reflected short term earnings headwinds. Therefore, DBS Group Research kept rating at Buy, and dropped its target price from $7.42 to $6.53. AAStocks Financial News |
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