Credit Suisse lowered the target price of Dechang (0179.HK) from HK$4.8 to HK$4.68, holding a neutral rating.

Johnson Electric's net profit for the first half of fiscal year 13 fell 16% year-on-year to US$85.33 million. According to Credit Suisse, Johnson's performance was worse than expected, operating profit margins were under pressure, and the outlook was cautious, lowering its profit forecast for fiscal year 13-15 by 6%-11%.