Citigroup: Lowers target price of Newocean Energy (02688.HK) to 47 Hong Kong dollars, maintains "neutral" rating.

According to the Wise Finance APP, Citigroup released a research report stating that it has lowered the target price of New Energy (02688.HK) by 6%, from 50 Hong Kong dollars to 47 Hong Kong dollars, while maintaining a "neutral" rating. However, the management still expects to pay at least 3 Hong Kong dollars in dividends per share in 2026, with a yield of 6.9%. The bank has launched a 90-day negative catalyst observation, and it is expected that the market's earnings forecast will be lowered.