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57190 CS#HSI RC2212V (R BULL)
RT Nominal unchange0.285 0.000 (0.000%)

17/09/2021 17:28

{I-bank focus}Morgan lowers Hengan Int'l (01044) to HK$46

[ET Net News Agency, 17 September 2021] Morgan Stanley lowered its target price for
Hengan Int'l (01044) to HK$46 from HK$51 and maintained its "equal-weight" rating.
The research house said it lowers 2021-23e sales estimates by 4-8% to factor in more
intensified competition, and it is 3-6% lower in NP estimates. While the company will act
more disciplined in A&P expenses, certain investments are required to foster more premium
brand images. (RC)

Remark: Real time quote last updated: 25/10/2021 18:00
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