Furui: Cut GuMing's (01364.HK) target price to 27 Hong Kong dollars and maintain a "buy" rating.

According to the Wisdom Finance APP, Fubon released a research report stating that it has lowered the target price of Gu Ming (01364.HK) from 35 Hong Kong dollars to 27 Hong Kong dollars to reflect a more cautious outlook on store expansion. It is expected that only 2000 stores will be opened in the 2026 fiscal year, down from the original 3200, but Fubon maintains a "buy" rating, believing that the fundamentals are still healthy.