[ET Net News Agency, 18 December 2023] UOB Kay Hian lowered its target price for
Giordano (00709) to HKD3.7 from HKD3.89 and maintained its "buy" rating.
The research house said it slightly lowers revenue forecast by 2%/2%/2% to
HKD4,085m/HKD4,555m/HKD5,018m in 2023-25 and lowers net profit forecast by 2%/2%/2% to
HKD367m/HKD413m/HKD461m 2023-25 to reflect the negative impact of unpredictable warm
winter on Mainland China sales. (RC)