UBS: Slightly lowers China Everbright's (01359.HK) target price to 1.42 Hong Kong dollars, reiterates "Neutral" rating.

China Everbright (01359.HK) has updated its forecast for the company after releasing its financial report for the first half of this year, with UBS releasing a research report stating that the company's earnings per share forecast for the next two years has been reduced by 53% and 60% respectively. They have reiterated a "neutral" rating for the stock and slightly lowered the 12-month target price from 1.45 Hong Kong dollars to 1.42 Hong Kong dollars, implying a 2026 estimated price-to-book ratio of 0.31 times.