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RTNominal down34.450 -0.650 (-1.852%)
Research Report

07/06/2021 17:12

{I-bank focus}Jefferies lowers Yihai (01579) to HK$56

[ET Net News Agency, 7 June 2021] Jefferies lowered its target price for Yihai (01579)
to HK$56 from HK$96 and maintained its "hold" rating.
The research house said it revised down its earnings forecast by 12-22% in 2021-23E to
factor in lower sales growth from third party channels, and pressure on margins with
rising raw material costs such as edible oil and changing channel mix with lower sales
from third party channels. It also revised down its long-term forecast for the company to
factor in a more intensified market competition. (RC)

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