
[Big Banks Speculate on D] Daiwa downgraded COSCO Ship Hold to Hold, YUM China generally received target upgrades after earnings

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Daiwa downgraded COSCO SHIP HOLD's rating from "Outperform" to "Hold," maintaining the target price at HKD 14.00. After the earnings release, YUM China saw its target price generally raised, with Huatai Securities increasing its target price from HKD 521.80 to HKD 525.70, and Goldman Sachs raising it from HKD 413.00 to HKD 436.00. Other companies such as AIA, Hongqiao, and Chalco also made various adjustments to their target prices
"Economic Information Daily, December 5th" lists the latest ratings and target prices from major brokerages:
| Stock/Code | Brokerage | Target Price Change (HKD) |
Rating Change | Previous Closing Price (HKD) |
|---|---|---|---|---|
| AIA (01299) |
JP Morgan | 105.00→107.00 | Maintain Overweight | 79.65 |
| Citigroup | 81.00→91.00 | Maintain Buy | ||
| COSCO SHIP HOLD (01919) |
Daiwa | Maintain 14.00 | Outperform→Hold | 13.67 |
| Goldman Sachs | 11.50→12.50 | Maintain Neutral | ||
| YUM China (09987) |
Haitong | 521.80→525.70 | Maintain Buy | 352.00 |
| Goldman Sachs | 413.00→436.00 | Maintain Buy | ||
| Deutsche Bank | 435.00→433.00 | Maintain Buy | ||
| Hongqiao (01378) |
Citigroup | 25.20→36.00 | Maintain Buy | 29.68 |
| Jefferies | 26.90→34.10 | Maintain Buy | ||
| Chalco (02600) |
Citigroup | 7.47→12.41 | Maintain Buy | 9.75 |
The following are earlier ratings and target prices from some major brokerages:
| Stock/Code | Brokerage | Target Price Change (HKD) |
Rating Change | Previous Closing Price (HKD) |
|---|---|---|---|---|
| Standard Chartered (02888) |
JP Morgan | 168.00→190.00 | Maintain Overweight | 162.00 |
| AIA (01299) |
Jefferies | 85.00→97.00 | Maintain Buy | 79.65 |
| CICC | 83.00→93.10 | Maintain Outperform | ||
| BYD (01211) |
Goldman Sachs | 130.00→141.00 | Maintain Buy | 97.10 |
| DBS | 150.00→140.00 | Maintain Buy | ||
| Bank of Communications International | 150.72→133.00 | Maintain Buy | ||
| Li Auto (02015) |
Deutsche Bank | 132.00→128.00 | Maintain Buy | 77.75 |
| Geely (00175) |
Deutsche Bank | 27.60→28.00 | Maintain Buy | 17.56 |
| XPeng (09868) |
Deutsche Bank | 110.00→105.00 | Maintain Buy | 88.90 |
| Leapmotor (09863) |
Deutsche Bank | 75.00→80.00 | Maintain Buy | 56.80 |
| Horizon Robotics (09660) |
CICC | 12.30→12.60 | Maintain Buy | 8.45 |
| CNOOC (00883) |
DBS | 21.50→22.00 | Maintain Buy | 20.40 |
| BYD Electronics (00285) |
China International Capital Corporation | 52.00→47.00 | Maintain Outperform Market | 35.20 |
| Lao Pu Gold (06181) |
Nomura | Maintain 1160.00 | Maintain Buy | 609.00 |
| Chow Tai Fook (01929) |
Macquarie | Maintain 18.60 | Maintain Outperform Market | 13.58 |
| Budweiser APAC (01876) |
Macquarie | 10.95→11.20 | Maintain Outperform Market | 7.76 |
(hc)

