UBS: Lowering CIMC Enric's (03899) target price to HK$13.6 medium-term growth rate forecast to decline

The Zhitong Finance App learned that UBS released a research report saying that CIMC Enric (03899)'s revenue and net profit for the first half of the year were slightly lower than the forecast, and the target price was lowered from HK$15 to HK$13.6, maintaining a “buy” rating. The bank lowered the company's diluted earnings forecast for 2026-2028 by 15%, 5% and 6% to RMB 0.56, RMB 0.72 and RMB 0.79, respectively, to reflect the first half of the year's results, and lowered the medium-term growth rate forecast to 6%.