China Merchants Securities International: Cuts Dongpeng Beverage (09980.HK) target price by 22.3% to HK$101, downgrades rating to "Neutral"

Zhitong Finance APP has learned that China Merchants Securities International issued a research report stating that it has lowered the target price of Dongpeng Beverage (09980.HK) from HK$130 to HK$101, a reduction of 22.3%, and downgraded its rating from "Overweight" to "Neutral." The bank has cut the company's 2026 and 2027 earnings forecasts by 12% and lowered revenue forecasts by an average of about 14%. The adjusted forecasts are basically in line with market expectations.