Although CICC maintained its 'outperforming the industry' ra...

Although CICC maintained its 'outperforming the industry' rating of Smore International, due to pressure from the mainland market, it lowered its profit forecast for this year and next two years, and the target price was reduced by 9% to HK$10. The research report predicts that strict enforcement in the US market, domestic market adjustments, and new product launches may improve performance in the second half of the year.