Citigroup: Raised target price for Hengan International (01044.HK) to 22.3 Hong Kong dollars. Sanitary napkin business still under pressure.

Wisdom Finance APP learned that Citigroup released a research report stating that it is expected that Heng An International (01044.HK) will see a 1% decrease in revenue in the first half of the year, while net profit is expected to decline by a high single-digit percentage. Due to a potential improvement in the second half of the year due to a low base, overall sales and profits are expected to remain flat for the whole year. The bank maintains a "neutral" rating on the group, with a target price raised from 22.1 Hong Kong dollars to 22.3 Hong Kong dollars.