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<Research>M Stanley Hikes TP of SITC (01308.HK) to HKD30.1; Rating Equalweight
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Morgan Stanley, in its report, raised the earnings forecasts for SITC (01308.HK) for 2025-27 by 8%/ 14%/ 13%, incorporating the assumption of higher freight rates. The target price was raised from HKD26.4 to HKD30.1. The rating was Equalweight. The broker kept the P/E multiples used to derive its scenario values, but due to the recent increase in container freight rates amidst geopolitical tensions, the bull-case scenario value was increased from 15% to 20%, while the bear-case scenario value was reduced from 15% to 10%. AASTOCKS Financial News Website: www.aastocks.com |
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