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BOC International lowers Longfor Group's target price by 58%, maintains 'outperform' rating
Jinshi data, August 27th, Industrial Bank International issued a report pointing out that the target price of Longfor Group (00960.HK) was lowered by 58.3%, from HK$24 to HK$10. The target group’s earnings per share for the fiscal year 2024 and 2025 were lowered by 20.5% and 0.9%, but the earnings per share for 2026 were raised by 2.2%. Maintain the rating of ‘outperform the market’.