[ET Net News Agency, 20 July 2020] Morgan Stanley lifted its target price for Haitong
Securities (06837) to HK$7.54 from HK$6.21 and maintained its "underweight" rating.
The research house said Haitong is likely to have more provisions to charge due to its
exposure to Luckin. More exposure to overseas markets may lead to higher volatility in
performance in case of uncertainties in HK and US-China tensions. (KL)