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01044 HENGAN INT'L
RTNominal up41.450 +0.550 (+1.345%)
Research Report

22/03/2021 17:17

{I-bank focus}Jefferies cuts Hengan Int'l (01044) to HK$70.1

[ET Net News Agency, 22 March 2021] Jefferies Research cut its target price for Hengan
International (01044) to HK$70.1 from HK$76.2 and maintained its "buy" rating.
The research house said Hengan's 2H FY2020 sales trend was lower than its estimates
while net profit was in line. For 2021, while sales growth is likely to normalize, EBIT
growth might be slower due to lower other income and raw material price hikes (partly
offset by fewer promotions and higher sales from premiumized products).
Jefferies lowered its net profit forecasts for 2021/22 by 6/5% as it cut its sales
assumption by 6/7% for the same period. (KL)

Remark: Real time quote last updated: 24/09/2021 12:30
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