Glonghui, April 3 | Goldman Sachs released a rating report stating that in the second half of last year, sales of Weigao shares fell 5% year-on-year to 6.3 billion yuan, and net profit fell 35% to 804 million yuan, in line with the earlier profit warning. Management proposed a 5% to 10% year-on-year increase for this year, slightly lower than expected, and raised the dividend ratio from 30% to 40%, considering the company's strong cash flow. The bank said it would adjust the company's earnings estimates per share for each year from 2024 to 26 to a decrease of 2.5%, a decrease of 0.4% and a decrease of 3%, respectively. The target price was lowered from HK$10 to HK$8.7, maintaining its rating as a “buy”.
大行评级｜高盛：下调威高股份目标价至8.7港元 维持“买入”评级
Bank Rating | Goldman Sachs: Lowering the target price of Weigao shares to HK$8.7 to maintain a “buy” rating
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