casinolifepokerfacebook| UBS: Lowering Toubo's target price to HK$7.3 and lowering its earnings per share forecast for the 2025 - 27 fiscal year

UBS issued a report sayingcasinolifepokerfacebook, Taobo's 2024 fiscal year profits were weaker than expected. Net profit for the second half of the fiscal year ended February this year increased by 27% year-on-year, 7% lower than the bank's expectations. The reason was that revenue, gross profit margin and operating expense ratios did not meet expectations, but were partially offset by reduced tax rates. Due to the high base effect from January to February, revenue in the second half of fiscal year 2024 increased by 7% year-on-year, 3% lower than the bank's expectations.

UBS said it will cut its forecast for earnings per share for the fiscal year 2025 to 2027 by 3% to 4%, taking into account poor earnings expectations for fiscal year 2024 and weak recent sales trends. The bank set its target price to 7casinolifepokerfacebookHK$..5 dropped to HK$7.3, with a "Buy" rating. In addition, the report quoted the company's guidance on year-on-year growth in sales for the fiscal year 2025.

Tags:

Prev: defenderpartycade| Does the 2020 Audi q5l fashion model have atmosphere lights?
Next: bingowincash| Yi Dianyun (02416.HK) appoints He Liang as executive director and chief financial officer