UBS Adjusts Shangri-La Asia Price Target to HK$4.29, Keeps "Neutral" Rating

Deep News
Sep 03

UBS has released a research report announcing a reduction in the target price for Shangri-La Asia (00069) from HK$4.55 to HK$4.29, while maintaining a "Neutral" rating on the stock.

The company's first-half revenue performance aligned with market expectations. Management retains a cautiously optimistic outlook for the industry in the latter half of the year, although it anticipates that extreme weather conditions could introduce short-term volatility.

The investment bank has lowered its diluted earnings per share forecasts for Shangri-La Asia for the 2027 and 2028 fiscal years by 7% and 12%, respectively, to US$0.05 and US$0.06. This adjustment reflects persistent macroeconomic uncertainties and ongoing consumption downgrade trends. The forecast for 2026 remains largely unchanged at US$0.05.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10