Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BofAS Cuts BOSIDENG (03998.HK) TP to $4.6, Drops Earnings Forecasts, Reiterates Buy Rating
Recommend 3 Positive 3 Negative 1 |
||||
|
||||
|
BofA Securities issued a research report lowering its FY2025/ 2026 earnings forecasts for BOSIDENG (03998.HK) by 5%/ 9% each, due to a lowered OEM revenue forecast and a slower pace of offline expansion. The broker cut its target price by 15% to $4.6 from $5.4 with a lower target valuation multiple. Warm winter, intense competition, product mix optimization to focus on core winter products, more conservative offline expansion, and a decline in OEM business affected by tariffs all led to weaker-than-expected growth, the report added. Based on its own measures and undemanding valuation, BofA Securities reiterated rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
