Gelonghui, January 18 丨 Bank of America Securities published a rating report saying that due to COVID-19 restrictions and bad weather, Fushouyuan (1448.HK) saw a decline in burial and funeral sales last year. As families were allowed to reunite after the mainland reopened, the bank believes that the backlog of delayed services will increase revenue from 2023 to 24. The bank lowered Fushouyuan's forecast last year, and at the same time raised its net profit forecast for 2023-24 by 6%, and raised its target price from HK$9 to HK$9.55, reaffirming its rating as “buy.”
大行评级 | 美银证券：重申福寿园(1448.HK)买入评级 目标价上调至9.55港元
Major Bank Ratings | Bank of America Securities: Reiterates that Fushouyuan's (1448.HK) purchase rating target price was raised to HK$9.55
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