[ET Net News Agency, 19 March 2025] HSBC Global Research raised the target price for
China Feihe (06186) to HKD7.25 from HKD5.35 and maintained the "hold" rating.
The research house said it has not adjusted earnings, as child policies will take time
to take effect. It raises TP primarily from lowering WACC by using a lower beta to reflect
an improving sector outlook. (rc)