Financial PerformanceRevenue and EBITDA projections for FY24 have been revised down by 10% and 21%, respectively, suggesting more prudent financial expectations.
Market RisksKey risks include changes in government policies, weaker economic growth in China, and rising competition across the Asia Pacific Region.
Stock ValuationThe new target price has been revised to HKD55.22 due to more prudent projections for FY24 revenue and EBITDA.