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<Research>M Stanley Warns Potential Decline in CHINA OVS PPT's Shr Price over Next 60 Days; Profit Warning May Signal DPS Cut
Recommend 6 Positive 7 Negative 5 |
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Morgan Stanley has published a research report predicting that CHINA OVS PPT (02669.HK) will have over an 80% chance of seeing its share price decline within the next 60 days. The company's rating remains as Equalweight, with a target price of HKD5.15. According to the report, CHINA OVS PPT has recently issued a profit warning, estimating a YoY drop of 9-10% in its net profit (around 13% lower than Morgan Stanley's forecast) and a decrease of 3-4 ppts in its gross profit margin, partly due to losses in the value-added services business. Morgan Stanley believes the decreased earnings may prompt CHINA OVS PPT to cut the dividends per share. AAStocks Financial News |
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