Daiwa: Cut the target price of China Civil Aviation Information Network (00696.HK) to 8.8 Hong Kong dollars, rated as "reduce".

Zhitong Finance APP learned that Morgan Stanley released a research report stating that it has lowered China National Aviation Information Network (00696.HK) earnings forecasts for 2026 and 2027 by 7.6% and 8.6% respectively, reflecting that under the global energy impact, weak aviation demand has led to slowed revenue growth, and introducing an earnings forecast of 0.88 RMB per share for 2028. The target price for China National Aviation Information Network by Morgan Stanley has been lowered from the original 10.2 Hong Kong dollars to 8.8 Hong Kong dollars, with a "sell" rating.