[ET Net News Agency, 22 March 2021] Jefferies Research cut its target price for Hengan
International (01044) to HK$70.1 from HK$76.2 and maintained its "buy" rating.
The research house said Hengan's 2H FY2020 sales trend was lower than its estimates
while net profit was in line. For 2021, while sales growth is likely to normalize, EBIT
growth might be slower due to lower other income and raw material price hikes (partly
offset by fewer promotions and higher sales from premiumized products).
Jefferies lowered its net profit forecasts for 2021/22 by 6/5% as it cut its sales
assumption by 6/7% for the same period. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01044 HENGAN INT'L
Nominal 
26.200 +0.600 (+2.344%) Research Report
22/03/2021 17:17
{I-bank focus}Jefferies cuts Hengan Int'l (01044) to HK$70.1
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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