[ET Net News Agency, 25 November 2024] Macquarie lowered the target price for Man Wah
Hldgs (01999) to HKD8.2 from HKD8.5 and maintained the "outperform" rating.
The research house said it reduces FY25E/26E reported net profit 3.5%/7.3% due to a
lower revenue estimate, partially offset by a higher net margin. (rc)