＜Research＞Citi Opens 30-day Downside Catalyst Watch on CHINA SUNTIEN (00956.HK)

　　Citi Research issued a research report opening a 30-day downside catalyst watch on CHINA SUNTIEN (00956.HK) -0.110 (-3.216%) Short selling $2.81M; Ratio 15.397% , and expecting 1H24 earnings to miss market consensus.

　　Citi Research forecasted CHINA SUNTIEN's 1H24 net profit to rise by 1.3% YoY to RMB1.458 billion, much lower than the market's forecast of 16% YoY growth in full-year earnings.

　　Due to lower wind farm utilization, Citi Research lowered its 2024-2026 net profit forecasts by 5-6%, and cut its target price by 6% to $4.5, from $4.8, accordingly, with rating kept at Buy on more LNG imports in 2H24 and the incline in terminal utilization rate, etc..

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.)

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