[ET Net News Agency, 17 December 2021] CCB International lowered its target price for
Tongcheng-Elong (00780) to HK$18.1 from HK$18.4 and maintained its "outperform" rating.
The research house said it cuts FY21-FY22F earnings forecasts by 8-17% to factor in
uncertainty occasioned by the recent spate of Covid outbreaks. (RC)