[ET Net News Agency, 28 June 2021] Credit Suisse raised its target price for Tingyi
(00322) to HK$17.5 from HK$16.5 and maintained its "outperform" rating.
The research house said with two major competitors either pursuing profit growth due to
potential listing or focusing on premium products, in addition to input cost pressure,
Tingyi sees moderated promotional expenses industry-wide and improved competitive
landscape. (RC)