Citibank: Maintains "Buy" rating on GREENTOWN MGMT (09979) with target price lowered to HK$3.55.

Citigroup released a research report stating that it has lowered its earnings per share forecast for GREENTOWN MGMT (09979) for the fiscal years 2024 to 2026 by 19%, 17%, and 14% respectively, mainly due to a decline in profit margins and cash receipts. The bank has also lowered its target price for Greentown Management H shares from 4.5 Hong Kong dollars to 3.55 Hong Kong dollars, considering the company's light asset business model and strong operating cash flow, maintaining a "buy" rating.