Core Viewpoint - Citigroup has downgraded its earnings forecast for Yue Yuen Industrial Holdings for 2025 to 2027 by 9% to 10% due to a contraction in retail profits and slower-than-expected gross margin expansion in manufacturing [1] Group 1: Earnings Forecast - The earnings forecast for Yue Yuen Industrial Holdings has been reduced by 9% to 10% for the years 2025 to 2027 [1] - The target price for Yue Yuen has been slightly decreased from HKD 16.5 to HKD 16.3, based on a projected price-to-earnings ratio of 8 times for the next year [1] Group 2: Investment Preference - Citigroup prefers Nine Dragons Paper Holdings among mid-cap yield stocks in mainland China, followed by Crystal International Group, Yue Yuen, and finally VTech Holdings [1]
大行评级｜花旗：微降裕元集团目标价至16.3港元 维持“买入”评级