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23530 HS-JMJ @EC2503A (CALL)
RT Nominal unchange0.014 0.000 (0.000%)

27/08/2024 15:11

{I-bank focus}HSBC lowers Jiumaojiu (09922) to HKD2.5

[ET Net News Agency, 27 August 2024] HSBC Global Research lowered the target price for
Jiumaojiu (09922) to HKD2.5 from HKD4.2 and maintained the "hold" rating.
The research house said its WACC of 11.8% remains unchanged, but it cuts long-term
growth rate assumption to 0% from 1% previously given the deflationary pressure in the
catering industry in China. (rc)

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