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26529 JP-CTFJ@EC2601A (CALL)
RT Nominal down0.108 -0.005 (-4.425%)

14/06/2024 15:38

{I-bank focus}Macquarie lowers Chow Tai Fook to HKD7.2

[ET Net News Agency, 14 June 2024] Macquarie lowered the target price for Chow Tai Fook
(01929) to HKD7.2 from HKD8.5 and maintained the "underperform" rating.
The research house said it lowers respective FY25E/26E net income estimates by
15.5%/2.2% to incorporate the FY24 actuals and sluggish sales performance for
FY25-to-date. (rc)

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