Singapore

RAZER will likely face challenges in its hardware business due to slowing demand on top of supply chain constraints and surge in logistic costs, said CGS-CIMB.

In a report on Thursday (Mar 17), analyst Ray Kwok lowered his target price on the consumer electronics company to HK$2.88 from HK$3.90, after he cut his earnings per share estimates by 27 per cent for FY2022 and 29 per cent for FY2023. He maintained his "add" call on the counter.