Brokerage Moves: Citi, Goldman, HSBC Cut Targets On Airlines, Commodities And Consumer Names

Brokerages have revised target prices and ratings on a range of Hong Kong-listed stocks, including airlines, commodities, consumer and technology names, according to ETNet. HSBC cut its target on Trip.com (09961) to HK$375.80 from HK$469.80 and kept a buy rating, while lowering targets on Orient Overseas (00316) to HK$130.00 from HK$184.00 and COSCO Shipping Holdings (01919) to HK$14.40 from HK$20.30. Citi initiated Air China (00753) at HK$3.10 with a sell rating, China Eastern Airlines (00670) at HK$2.90 with a neutral rating, and China Southern Airlines (01055) at HK$2.60 with a sell rating. Among other changes, CLSA cut its target on Mixue (02097) to HK$270.00 from HK$324.00 and on Guming (01364) raised its target to HK$32.00 from HK$26.00, both with overweight ratings. Goldman Sachs lowered targets on Zijin Gold International (01818), Aluminum Corporation of China (02600), China Shenhua Energy (01088), China Coal Energy (01898), Yanzhou Coal Mining (01171), China National Building Material (03323), Angang Steel (00347), China Resources Building Materials (01313) and China Lesso (00914), while Barclays restored coverage on CK Infrastructure Holdings (01038) with an overweight rating.