Lates News

Bank of America Securities released a research report stating that Yanlord International (01579) had underperformed in the first half of the year with weak revenue growth and stagnant net profit. Considering the lackluster business growth prospects, the earnings per share forecast for the next two years has been lowered by 9% and 15%, respectively. The rating of "underperforming the market" was reiterated, and the target price was also reduced from HK$13.6 to HK$13.3. Bank of America Securities pointed out that Yanlord International's overseas business profitability still needs improvement over time. Although developing new B2B customers and custom products may bring new growth momentum, the contribution is expected to be not significant in the short term. It is believed that structural negative factors in the industry will continue to exist.