[ET Net News Agency, 29 August 2019] Goldman Sachs lowered its target price for Zhou
Hei Ya International (01458) to HK$3.9 from HK$4.3 and maintained its "buy" rating.
The research house hosted Zhouheiya's management NDR post its interim result. The
company's newly appointed CEO Mr. Zhang shared his strategic plan for the company's growth
map in the next 3-5 years.
Accordingly, it will (1) launch a franchise model, (2) penetrate more convenience
stores, (3) accelerate new product innovations, (4) integrate marketing campaigns, and (5)
develop result-oriented employee incentive programs.
Goldman cut its 2019-21 EPS forecasts by 15%/11%/7% mainly to factor in the 1H results
and continued deleveraging from both higher depreciation and admin costs. (KL)
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01458 ZHOU HEI YA
Nominal 
1.690 +0.010 (+0.595%) Others
29/08/2019 17:40
{I-bank focus}Goldman lowers Zhou Hei Ya (01458) to HK$3.9
| Remark: | Real time quote last updated: 18/04/2024 15:27 |
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