Macquarie lowers the target price for U-Tx (06110.HK) to 3.9 Hong Kong dollars with a "outperform" rating against the market.

Wisdom Financial APP learned that Macquarie has released a research report stating that it has lowered Taptap (06110.HK) target price by 5% to 3.9 Hong Kong dollars, with a rating of "outperform the market". The bank has lowered its net profit forecast for Taptap in 2026 fiscal year by 4.2% and lowered its forecast for the fiscal year 2027 by 3.9%, mainly due to a decrease in revenue forecast under weak demand, leading to an increase in expenditure ratio.