大行评级｜美银：下调思摩尔国际目标价至8.7港元 重申“跑输大市”评级

Group 1 - The core viewpoint of the report indicates that Smoore International's revenue increased by 18% year-on-year in the first half of the year, while net profit after tax decreased by 2.5%, which is roughly in line with expectations [1] - The company is expected to see a slight improvement in revenue growth for the full year, but profit margins are anticipated to remain under pressure [1] - Due to the weak profitability of Smoore International, the earnings per share estimates for the next two years have been lowered by 5% and 10%, respectively, and the target price has been reduced by 6% to HKD 8.7, maintaining an "underperform" rating [1]