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<Research>Citi Adds DONGFENG GROUP (00489.HK) TP to $6.2, Rating Buy
Citi Research issued a research report slightly adjusting its 2025-2026 revenue forecasts for DONGFENG GROUP (00489.HK) by 3%/ 2%, respectively. Meanwhile, the broker adjusted its ...
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<Research>Citi Adds DONGFENG GROUP (00489.HK) TP to $6.2, Rating Buy
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Citi Research issued a research report slightly adjusting its 2025-2026 revenue forecasts for DONGFENG GROUP (00489.HK)  +0.020 (+0.442%)    Short selling $8.40M; Ratio 3.454%   by 3%/ 2%, respectively.

Meanwhile, the broker adjusted its 2025-2026 net profit margin forecasts to -1.8%/ -2.0% (previously -2.3%/ -2.1%), and net loss forecasts to RMB2.006 billion/ RMB2.279 billion from RMB2.584 billion/ RMB2.455 billion).

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Based on the 2025 book value per share of RMB17.93, Citi Research applied a target PB ratio of 0.32x, and added its target price for DONGFENG GROUP from $6 to $6.2, with rating at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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