HSBC Research lowers the target price for CHINA FEIHE to 4.9 yuan, maintaining a "Hold" rating

AASTOCKS
2025.07.08 02:34

HSBC Global Research released a report indicating that CHINA FEIHE (06186.HK) has issued a profit warning for its interim results, expecting net profit to decline by 36% to 46% year-on-year. The bank anticipates that the company's revenue will remain flat year-on-year in 2025, down from a previous forecast of a 9% increase, and has lowered the net profit forecast for 2025 by 31%. At the same time, the total dividend payout forecast has been reduced by 34% to RMB 2 billion, maintaining a "Hold" rating, with the target price lowered from HKD 6.4 to HKD 4.9, primarily reflecting the downward revision of profit forecasts