Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Jefferies Cuts CHOW TAI FOOK (01929.HK) TP to $17, Lowers Profit Forecasts
Recommend 4 Positive 2 Negative 9 |
||||
|
||||
|
Jefferies issued a research report updating its model to reflect a hedging loss in 2HFY2026 ending March 2026, following CHOW TAI FOOK (01929.HK)'s announcement of its interim results for FY2026 ended September. More conservative assumptions were adopted for sales growth and profit margins for FY2027/ 2028. The broker lowered its FY2026-2028 net profit forecasts for CHOW TAI FOOK by 8%/ 11%/ 11%, and sales forecasts for the same period by 5%/ 5%/ 6% each, mainly due to lower sales and gross margin predictions. Jefferies also cut its target price for CHOW TAI FOOK from $18.5 to $17, equivalent to a PE ratio of 20x/ 19x for FY2026/ 2027 respectively. Considering the potential upside, the broker kept rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
