The Zhitong Finance App learned that Goldman Sachs released a research report saying that Minhua Holdings (01999.HK) issued a profit warning for the first half of fiscal year 2027 ending at the end of September, which is far lower than expected. The company's net profit for the period is expected to fall 70% to 90% year on year, compared to the bank's original forecast of a 31% year-on-year decline. The bank lowered Minhua's earnings forecast per share for the 2027-2029 fiscal year by 15% to 35%, and lowered the target price from HK$3.5 to HK$3, maintaining a “neutral” rating.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.