Phoenix News Hong Kong Stock Exchange | According to the Motong Research Report, the bank willJiulong Warehouse Group(01997) The rating was downgraded from “neutral” to “reduced holdings”, and the target price was lowered from HK$39.6 to HK$36.8.
Motong believes that the company will face the following risks: 1) further delays in the re-liberalization of tourism in Hong Kong and the Mainland; 2) potential changes in the consumption behavior of mainland tourists; and 3) the risk of declining retail rental income and asset revaluation in 2022.
According to Motong, it will reduce its holdings of this stock when the price rises.