Cautious outlook in operation

25 Mar, 2024 due to the keen price war. We, thus, slash the TP to HKD 2.85/share, maintaining "BUY". Intron | 01760.HK TARGET PRICE Intron (01760.HK) reported a YoY 20.1% increase in revenue to RMB 5,802.3mn in FY 2023, and the GM plunged by 2.9p.p. to 18.7%, lower than our estimates. An abnormally low GM COMPANY UPDATE brianngo@westbullsec.com.hk | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------- ...