[ET Net News Agency, 3 March 2020] Jefferies Research initiated coverage on Hengan
International Group (01044) with a "buy" rating and target price of HK$70.2.
The research house said the Covid-19 outbreak in China is expected to stabilize soon.
But Jefferies believes the rise in personal hygiene awareness will remain, resulting in an
increase in per household consumption.
Its 2020/21 net profit forecast is 4-7% higher than the market's as Jefferies factored
in a higher volume increase in tissue. (KL)