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<Research>UBS Drops CHINA LIT's TP to HKD50, Rating Buy
Recommend 2 Positive 1 Negative 4 |
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According to a report from UBS, CHINA LIT (00772.HK)'s 2H25 results were broadly in line with the broker's expectations and its profit warning issued on February 10. Due to the weak performance of New Classics Media (which UBS estimates will incur a loss of RMB154 million in 2025), however, CHINA LIT's net profit missed market expectations. CHINA LIT's 2H25 revenue grew by 6% YoY to RMB4.2 billion, 3% and 1% higher than UBS' and the market's. Its gross profit margin dropped by 4 ppts YoY to 42.7%, 790 and 679 bps lower than the broker's and the market's forecasts. UBS has cut its target price for CHINA LIT from HKD52 to HKD50, with a Buy rating. AAStocks Financial News |
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