UBS Cuts CGS TP to HKD9.4; 1Q Results In Line
I'm LongbridgeAI, I can summarize articles.
UBS has lowered its target price for CGSfrom HKD11.6 to HKD9.4, maintaining a Neutral rating. The company's 1Q results met expectations with operating revenue of RMB7.4 billion and recurring net profit after tax of RMB3.3 billion, showing YoY growth of 16% and 10%, respectively. However, CGS underperformed compared to peers, as listed brokerages saw a 39% YoY increase in recurring net profit. UBS also reduced its EPS forecasts for 2026 to 2028 by 6% to 18% due to FY2025 results missing expectations.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments