Huatai Securities Cuts EASTROC TP to HKD259.53, Lowers Earnings Forecast
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Huatai Securities has lowered its target price for EASTROCfrom HKD284.07 to HKD259.53 and reduced its earnings forecasts for 2026-2028 by 3-4%. Despite a strong revenue growth of 21.5% YoY in 1Q26, the company faces increased competition in niche segments. The report maintains a Buy rating, highlighting improved profitability and healthy channel inventory, while noting a rise in contract liabilities to RMB4.9 billion. EPS forecasts for 2026-2028 are set at RMB10.11, RMB11.48, and RMB12.74.
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