[ET Net News Agency, 9 March 2021] J.P. Morgan cut its target price for Yuzhou Group
Holdings Company (01628) to HK$4.5 from HK$5.1 and maintained its "overweight" rating.
Originally focused in Fujian and Eastern China, Yuzhou recently entered a new stage of
national expansion, the research house said.
JPM thinks the growth outlook is becoming more visible with its outperforming sales
growth in 1H 2020. Proof of a reaccelerated earnings growth should gradually re-rate the
stock, it added. (KL)