Damo: Net profit forecast from the target price of Jianghaitian International (01882) to HK$22

The Zhitong Finance App learned that Damo released a research report stating that Haitian International (01882)'s revenue forecasts for 2026, 2027 and 2028 were lowered by 3%, 6%, and 8%, respectively, due to a decline in overseas revenue, a decrease in orders related to consumer goods, and a slowdown in the growth of automobile-related orders due to the decline in overseas revenue, a decrease in orders related to consumer goods, and a slowdown in the growth of automobile-related orders. Due to the relatively low share of overseas revenue in the revenue mix, the bank lowered its gross margin forecast. As a result, the net profit forecast for 2026 was lowered by 8%, and by 6% in 2027 and 2028, respectively. The target price was reduced from HK$24 to HK$22, and the rating remained “in sync with the market”.