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25818 MB-CTFJ@EC2602A (CALL)
RT Nominal up0.113 +0.007 (+6.604%)

15/04/2024 15:52

{I-bank focus}Macquarie lowers Chow Tai Fook to HKD8.5

[ET Net News Agency, 15 April 2024] Macquarie lowered the target price for Chow Tai Fook
(01929) to HKD8.5 from HKD9.4 and maintained the "underperform" rating.
The research house said it lowers FY24E/FY25E/FY26E net profit 1.1%/7.3%/12.4% to factor
in the weak SSSG trend and a cautious store opening target. (rc)

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