Lates News

Bank of America has released a report maintaining its earnings per share forecast for Meng Xue Group for the current and next fiscal year, but has lowered the target price from 465 Hong Kong dollars to 390 Hong Kong dollars. The 2026 forecasted price-to-earnings ratio has decreased from 25 times to 19 times, and the beta coefficient has been raised from 1 times to 1.1 times, reflecting a downward revision in valuation of the new consumer sector and increased stock price volatility. The bank reiterated its "underperform" rating on the stock.