Shares of GIANT BIOGENE (02367) plummeted 5.15% during intraday trading on Monday.
The sharp decline followed a research report from CICC which reduced its net profit forecasts for the company for 2026 and 2027 by 10% each. The institution cited anticipated external headwinds and heightened competition as reasons for the downward revision. Concurrently, CICC lowered its target price for GIANT BIOGENE by 13% to HK$49, though it maintained an "Outperform" rating on the stock.
The company's recently reported 2025 financial results were in line with expectations, showing a slight year-on-year revenue decrease and a decline in net profit.
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