02669 Should I Buy

UOB Kay Hian downgraded CHINA OVS PPT's rating to Hold and cut its target price from HKD7 to HKD4.3 due to a predicted 9.5% year-over-year drop in net profit attributable to shareholders for 2025. This decline is attributed to pressure on gross margins, ongoing weakness in engineering services, and deteriorating collection conditions, which are expected to offset revenue growth. The reduced earnings forecasts and lack of short-term catalysts also contributed to the downgrade.