[ET Net News Agency, 2 September 2025] HSBC lowered the target price for SF Holding
(06936) to HKD42.1 from HKD61.6 and downgraded the rating to "hold" from "buy".
The research house said up-front investment would pressure both margin and profits of
the company in 2H25e, and cost control challenges would dampen the visibility of
continuous profitability improvement. (rc)