Glonghui, September 10 | DBS published a report saying that due to weak stock trading and stock investment in the Science and Technology Innovation Board market, CICC's profit fell 41% year-on-year in the first half of the year, which fell short of expectations. The bank expects more companies to opt for initial public offerings in Hong Kong to offset the weakness in some onshore markets. DBS revised CICC's 2024 and 2025 earnings forecasts by 5% and 16%, respectively, to reflect weaker investment revenue forecasts and weaker onshore market prospects. The bank maintained its “buy” rating, and the target price was lowered from HK$12.01 to HK$11.