The Zhitong Finance App learned that DBS released a research report saying that profitability in the Ningde Era (03750,300750.SZ) is expected to weaken due to rising tax rates, and unit profit is expected to fall month-on-month, but there is still potential for long-term growth. Maintaining a “buy” rating, the bank lowered its target price for H shares from HK$736 to HK$695, lowered its target price for A-shares from RMB 484 to RMB 438, and lowered its earnings forecast per share for next year from RMB 24.2 to RMB 21.9.

The Zhitong Finance App learned that DBS released a research report saying that profitability in the Ningde Era (03750,300750.SZ) is expected to weaken due to rising tax rates, and unit profit is expected to fall month-on-month, but there is still potential for long-term growth. Maintaining a “buy” rating, the bank lowered its target price for H shares from HK$736 to HK$695, lowered its target price for A-shares from RMB 484 to RMB 438, and lowered its earnings forecast for next year from RMB 24.2 to RMB 21.9.