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HT1 - Weak Q1 results as margin collapses to record low - Earnings Flash

HT1 published disappointing Q1 2018 results, in which revenue dropped slightly by 3% while NPAT-MI plunged 25% vs Q1 2018. As these results came in weaker than our expectations, we will revise down our forecasts and target price for HT1 in our upcoming update.