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22465 MS-JMJ @EC2503A (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

22/01/2025 15:12

{I-bank focus}Nomura lowers Jiumaojiu (09922) to HKD2.14

[ET Net News Agency, 22 January 2025] Nomura lowered the target price for Jiumaojiu
(09922) to HKD2.14 from HKD2.3 and downgraded the rating to "reduce" from "neutral".
The research house said it projects overall revenue to stay largely flattish at CNY6.0bn
in FY24F, while net profit to decline by 58% y-y to CNY190mn, due to operating
deleveraging and increased asset impairment costs from store closures in FY24F and FY25F.
(rc)

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