The Zhitong Finance App learned that Citi released a research report stating that it maintains the “buy” rating of Dazu CNC (03200) and cut the target price from HK$189 to HK$105. The bank raised Dazu CNC's profit forecast for 2026 by 11% to reflect better-than-expected results for the first nine months of 2026, while the third quarter was relatively weak, as production capacity expansion for major customers will be concentrated in the fourth quarter; however, it slightly lowered the 2027 and 2028 profit forecasts by 1% and 3% to take into account expenses related to the employee shareholder/equity incentive plan (ESOP).

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