According to the Wisdom Finance APP, Citigroup released a research report stating that it has lowered its earnings forecast for Man Wah Hldgs (01999) for the fiscal years 2025 to 2027 by 12% to 14%, based on the softer-than-expected condition of the China market. The target price for this stock has been reduced from 10.5 Hong Kong dollars to 9 Hong Kong dollars, maintaining a "buy" rating.

The bank predicts that the company's sales in China in the first half of the fiscal year 2025 will drop by about 10%, while overseas sales will increase by over 10%. The growth in overseas markets in the fiscal year 2025 and beyond will be strong, benefiting from interest rate cuts in Europe and America. The bank only gives Man Wah a "buy" rating in the furniture supply chain based on the current support of home demand, inexpensive valuation, and a 5% dividend yield.