The Zhitong Finance App learned that Dahua Jixian released a research report stating that the target price of Hongteng Precision (06088.HK) was lowered by 54.3% from HK$9.19 to HK$4.2 to maintain the “buy” rating. Hongteng Precision's revenue for the third quarter of 2026 increased 4.0% year on year to US$1,378 million, but operating profit fell 38.8% year on year to US$58 million due to rising raw material costs and a slower than expected increase in production capacity. Revenue and net profit for the first three quarters of 2026 reached 69% and 32% of the full-year forecast, respectively.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Dahua Jixian released a research report stating that the target price of Hongteng Precision (06088.HK) was lowered by 54.3% from HK$9.19 to HK$4.2 to maintain the “buy” rating. Hongteng Precision's revenue for the third quarter of 2026 increased 4.0% year on year to US$1,378 million, but operating profit fell 38.8% year on year to US$58 million due to rising raw material costs and a slower than expected increase in production capacity. Revenue and net profit for the first three quarters of 2026 reached 69% and 32% of the full-year forecast, respectively.
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