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RTNominal down2.370 -0.030 (-1.250%)

21/12/2023 15:00

{I-bank focus}Morgan lowers Lee & Man Paper to HKD2.5

[ET Net News Agency, 21 December 2023] Morgan Stanley lowered its target price for Lee
& Man Paper (02314) to HKD2.5 from HKD2.9 and maintained its "equal-weight" rating.
The research house said effective immediately, it is discontinuing coverage of Lee & Man
Paper, due to a reallocation of resources.
It thinks a stronger economic recovery in both domestic and overseas markets helps Lee &
Man Paper's sales, while supply-side discipline eases market price pressure and opens up
potential upside for the stock. (RC)

Previous︰02/01/2024 08:45  Summary of listed companies announcements (13)

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