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The Zhitong Finance App learned that DBS released a research report saying that profitability in the Ningde Era (03750,300750.SZ) is expected to weaken due to rising tax rates, and unit profit is expected to fall month-on-month, but there is still potential for long-term growth. Maintaining a “buy” rating, the bank lowered its target price for H shares from HK$736 to HK$695, lowered its target price for A-shares from RMB 484 to RMB 438, and lowered its earnings forecast per share for next year from RMB 24.2 to RMB 21.9.
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The Zhitong Finance App learned that DBS released a research report saying that profitability in the Ningde Era (03750,300750.SZ) is expected to weaken due to rising tax rates, and unit profit is expected to fall month-on-month, but there is still potential for long-term growth. Maintaining a “buy” rating, the bank lowered its target price for H shares from HK$736 to HK$695, lowered its target price for A-shares from RMB 484 to RMB 438, and lowered its earnings forecast for next year from RMB 24.2 to RMB 21.9.
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