Morgan Stanley: Lowered the target price of BC Technology Group to HK$10.7

Deutsche Bank has lowered its target price for BC Technology Group (00863.HK) by 22.7%, from HKD 13.85 to HKD 10.7, with a rating of "In line with the market". The development of the digital economy has expanded the product range of this investment holding company that focuses on digital assets and blockchain platforms. However, the strengthening of regulatory measures may bring market volatility, affecting recent trading volumes and BC Technology Group's profit growth.