Damo predicts sharp cuts of 2.6% and 1.6% in EBITDA for the 2024 and 2025 fiscal years of Xini.com Group (01686).
The Zhitong Finance App learned that Damo released a research report stating that the target price of Xinyiwang Group (01686) was slightly lowered by 2.7%, from HK$3.6 to HK$3.5, and the rating “increased.” After considering the company's results for the first half of fiscal year 2024, the bank lowered its revenue forecast for the fiscal year ending the end of June 2024-2026 by 2.8%, 3.7%, and 2.9%, respectively. Due to the launch of the new data center, the company's EBITDA forecast for the 2024 and 2025 fiscal year was drastically cut by 2.6% and 1.6%, and the 2026 EBITDA forecast was raised by 0.7% as data center utilization increased.