The Zhitong Finance App learned that Goldman Sachs released a research report stating that it maintained the “neutral” rating of Hypertherm (09989) and lowered the target price from HK$9.36 to HK$8.96. The company released a preliminary performance forecast. The median net profit forecast for the fourth quarter of last year was 43 million yuan, lower than the bank's expectations and lower than previous guidelines of 148-348 million yuan.

The bank pointed out that the company's lower-than-expected earnings were mainly due to the postponement of a Turkish customer's API order, investment losses, and inventory impairment, so it lowered its earnings forecast per share for 2022-23 by 14.5%/2.9% to RMB 0.47/0.67, respectively.