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HSBC Research Cuts GIANT BIOGENE's TP to HKD46.4 w/ Rating Kept Buy
2025-12-05 10:04:06
GIANT BIOGENE (02367.HK) updated its full-year results guidance and addressed major risks to 2025 earnings during a conference call on December 2, according to a report from HSBC Global Research.

Due to growth pressures on the Comfy brand, the broker lowered its 2025-27 earnings forecasts for GIANT BIOGENE by 17-25%, yet the medical beauty business may serve as a positive catalyst in 2026.

GIANT BIOGENE's rating was kept as Buy, but its target price was reduced from HKD69.3 to HKD46.4 because of the downward revision of earnings expectations.
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