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CLSA Lifts CG SERVICES (06098.HK) TP to $7.1, Keeps Rating at Hold
2025-09-19 11:07:43
CG SERVICES (06098.HK) experienced a decline in 1H25 profits, reflecting ongoing challenges in the industry fundamentals, according to CLSA's research report.

However, the Group announced an increase in the dividend payout ratio from 32.6% in 2024 to 60% for 2025, with a RMB500 million share buyback, which is expected to enhance shareholder returns.

CLSA raised its 2025/ 2026 earnings forecasts for CG SERVICES by +3.2%/ -5.8% to reflect impairment adjustments. Therefore, the broker lifted its target price from $5.2 to $7.1, with rating kept at Hold.
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AASTOCKS Financial News
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