Jefferies issued a report statingwizardofozbonuscoins, participated in the Toubo performance conference callwizardofozbonuscoins, believes that the company's strategy is being implemented well, but demand in the Chinese market in winter is lower than expected, which affects growth and inventory management. Demand is expected to remain the main uncertainty factor. The bank lowered its forecast for Toubo's net profit for fiscal years 2025 and 2026 by 11% to reflect lower revenue growth. The bank set its target price to 9wizardofozbonuscoins.3 Hong Kong dollars dropped to 7wizardofozbonuscoins.9 Hong Kong dollars with a "Buy" rating.