abelsuper3n| Toubo rose more than 4% in early trading, Goldman Sachs gave a "buy" rating
editor 2024-05-27 13:24:40 Home 51
Taobo (06110)'s share price continued to fall last weekabelsuper3n, rebound in early tradingabelsuper3n, share prices rose 4abelsuper3n.13%, currently reported at 5abelsuper3n.29 Hong Kong dollars, with a turnover of 20,010,36 million Hong Kong dollars.
Recently, Goldman Sachs released a research report saying that it gave Taobo (06110) a "buy" rating, but lowered its forecast for net profit for the 2025 and 2026 fiscal years by 11% respectively to reflect lower revenue growth, and its target price dropped from HK$9.3 to HK$7.9. Furui participated in the Toubo performance conference call and believed that the strategy was implemented well, but the demand in the Chinese market in winter was lower than expected, affecting growth and inventory management. Demand is expected to remain the main uncertainty factor.