[ET Net News Agency, 21 May 2024] HSBC Global Research raised the target price for Man
Wah Hldgs (01999) to HKD8.7 from HKD7.1 and maintained the "buy" rating.
The research house said it lowers revenue estimates by 1.1% in FY25 and 1.4% in FY26, to
reflect the impact of declining property completions and intense competition. (rc)