The Zhitong Finance App learned that Jefferies released a research report saying that it maintains the “buy” rating of Giordano International (00709) and raised its profit forecast for this year and next two years by 15%/14% due to strong performance last year, reflecting a 7% increase in sales each of the two years. The target price increased from HK$2.05 to HK$2.9. The company's net profit last year was the upper limit of the earlier forecast range. Management expects that as the impact of the epidemic recedes, there will be less volatility in the operating environment this year.