[ET Net News Agency, 6 October 2021] Morgan Stanley lowered its target price for HBM
Holdings (02142) to HK$13.9 from HK$14 and maintained its "overweight" rating.
The research house said it has expanded losses in 2021-24 by 11-14% and raised earnings
by 2-4% in 2025-30, mainly due to rising R&D and administrative costs with the core
pipeline entering later stages. (RC)