CLSA: Cuts NagaCorp (03918.HK) target price to HK$4.8 and lowers earnings forecast, still has deep value

Zhito Finance APP has learned that CLSA issued a research report stating that after NagaCorp (03918.HK) earlier announced its third-quarter operating data for this year, the bank lowered its forecasts for the company for the 2026 to 2028 period, as headwinds such as buy-in and rolling volume appear to persist. It cut its net profit forecasts for this year, next year, and the year after by 16%, 30%, and 30%, respectively, and lowered its target price from HK$6.7 to HK$4.8. Considering its deep value, it maintained its "Outperform" rating.