CICC: Upgraded China Everbright Bank (01114.HK) target price to 3.4 Hong Kong dollars, rating "in line with market"

According to the Wisdom Financial APP, Morgan Stanley released a research report stating that Huachen China (01114.HK) issued a profit warning reflecting pressure on performance, but still better than previously expected, as the unit's profitability is relatively stable. Morgan Stanley believes that the net profit margin of the Huachen BMW joint venture company is more resilient, predicting a growth rate of 0.5 percentage points between 2025 and 2027, but reducing the sales volume forecast by approximately 6% during this period. Morgan Stanley has raised Huachen China's target price from 3 Hong Kong dollars to 3.4 Hong Kong dollars, with a rating of "synchronized with the broader market."