[ET Net News Agency, 4 February 2026] Macquarie lowered the target price for Hengan
Int'l (01044) to HKD29.1 from HKD29.3 and maintained the "outperform" rating.
The research house said it lowers 2025E/2026E/2027E net profit 5.7%/2.6%/2.6% to factor
in lower government grant estimates. (rc)