[ET Net News Agency, 22 September 2025] Morgan Stanley lowered the target price for CPIC
(02601) to HKD37 from HKD39 and maintained the "overweight" rating.
The research house said it cuts EV a small 1.4%, 1.8%, and 2.1% over the same periods,
mainly caused by slowdown in ROEV as the company cut investment yield assumptions at
end-2024, similar to peers. (rc)