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<Research>CICC Cuts CHINA FEIHE's TP to HKD6; Rating Kept Outperform
CHINA FEIHE (06186.HK) has issued a profit warning forecasting a YoY decline of 7.9-9.9% in its 1H25 revenue to RMB9.1-9.3 billion, according to CICC's research report.Due to ...
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<Research>CICC Cuts CHINA FEIHE's TP to HKD6; Rating Kept Outperform
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CHINA FEIHE (06186.HK)  -0.020 (-0.440%)    Short selling $5.45M; Ratio 8.390%   has issued a profit warning forecasting a YoY decline of 7.9-9.9% in its 1H25 revenue to RMB9.1-9.3 billion, according to CICC's research report.

Due to adjustments in inventory clearance speed and impairment of key raw materials for milk powder products, the company's net profit is also expected to decrease by 36-47% YoY to RMB1-1.2 billion, below market expectations.

CICC kept an Outperform rating on CHINA FEIHE but lowered its target price by 27% to HKD6.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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