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<Research>Citi Reduces TPs for CHINA OVERSEAS/ LONGFOR GROUP/ SHENZHEN INVEST w/ Lower Earnings Forecasts
Recommend 8 Positive 13 Negative 8 |
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Citi has released a research report reducing its target prices for CHINA OVERSEAS (00688.HK), LONGFOR GROUP (00960.HK), and SHENZHEN INVEST (00604.HK). Specifically, the broker cut its 2024-2026 earnings forecasts for CHINA OVERSEAS by 19-23%, with the target price lowered from $15 to $13.9, and for LONGFOR GROUP by 20-24%, with the target price cut from $12.4 to $11.4. It also slashed its 2026 earnings forecast for SHENZHEN INVEST by 87%, with the target price cut from $1.15 to $1.12. All the three stocks were given an unchanged Buy rating. AAStocks Financial News |
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