CMB International Securities: Lower target price of Lion's Bio (02367.HK) to 35 Hong Kong dollars, downgrade rating to Neutral.

Wisdom Finance APP learned that CMB International Securities released a research report stating that the rating of Juzi Biology (02367.HK) was downgraded from "buy" to "neutral", and the target price was lowered by 45% from 64 Hong Kong dollars to 35 Hong Kong dollars. The report pointed out that the company is facing many challenges, including a series of reputation crises, and the core brand KFIVE saw a double-digit decline during the Singles' Day promotion. Although the bank believes that the company's stock price has already absorbed the related issues and the subsequent downward adjustment of the 2025 sales guidance, it still maintains a cautious attitude towards the outlook for 2026. The bank believes that the current market consensus expectations may be overly optimistic.