[ET Net News Agency, 31 March 2022] Credit Suisse lowered its target price for Country
Garden (02007) to HK$7.8 from HK$8.8 and maintained its "outperform" rating.
The research house said it lowers FY22-23 earnings estimates by 24-27% to factor in (1)
lower delivery after sales slowdown, and (2) cut in gross margin. (RC)