CHINA OVS PPT (02669.HK) +0.240 (+5.530%) Short selling $13.11M; Ratio 14.260% reported decent 2023 results, with net profit rising 22% YoY, 3% and 10% lower than the expectations of HSBC Global Research and the market, HSBC Global Research issued a research report saying. Dividend payout stabilized at 31%, with the annual dividend increasing by 17% to $14 cents per share. However, CHINA OVS PPT's results seem to have disappointed the market, as it missed its long term growth guidance.HSBC Global Research lowered its EPS forecasts for 2024/ 2025 by 9.8%/ 10% respectively, which is expected to weigh on the share price in the short term. However, CHINA OVS PPT is still one of the few state-owned enterprises (SOEs) that can maintain solid net profit growth. HSBC Global Research saw merit in its SOE background and strong third-party expansion, and trimmed its target price from $9.3 to $7.1, with rating at Buy.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-26 16:25.)