[ET Net News Agency, 8 July 2024] Morgan Stanley lowered the target price for LK Tech
(00558) to HKD3.9 from HKD6.1 and downgraded the rating to "equal-weight" from
"overweight".
The research house said it cuts EPS forecasts by 16%/27% for FY25/26 mainly on sluggish
downstream capex and lowers super-large die-casting machinery likely to be recognized in
F25-26. (rc)