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<Research>CLSA Cuts CR BEVERAGE's TP to HKD14.2; Rating Kept Outperform
Recommend 3 Positive 7 Negative 6 |
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CLSA has released a report updating its financial forecasts for CR BEVERAGE (02460.HK) after the release of the company's profit warning for 1H25. The broker now expects CR BEVERAGE's 1H25 revenue/ profit to decline by 8%/ 22% YoY, primarily due to increased marketing investments. However, with positive factors such as improved self-production ratios still in play, it anticipates the profit decline to continue narrowing in 2H25. CLSA has reduced its target price for CR BEVERAGE from HKD17.7 to HKD14.2, while maintaining the Outperform rating. AAStocks Financial News |
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