TC

30/07/2021 16:51

{I-bank focus}Morgan raises Fu Shou Yuan (01448) to HK$11.6

[ET Net News Agency, 30 July 2021] Morgan Stanley raised its target price for Fu Shou
Yuan (01448) to HK$11.6 from HK$11.3 and maintained its "overweight" rating.
The research house said it raised earnings by 1-2% over 2021-2030, following a positive
profit alert for 1H. It also raised burial and funeral segment revenues and operating
expenses to account for more R&D spending on cremation machines. (RC)

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