BOCI Research: Raises BOSIDENG (03998) Target Price to HK$5.4, Maintains "Buy" Rating.

ABC International released a research report stating that for the first half of the 2026 fiscal year, BOSIDENG (03998) reported a 1% year-on-year increase in revenue and a 5% increase in net profit. Its main brand, BOSIDENG, showed steady performance and outperformed the overall apparel industry. Recent sales data from the Double Eleven shopping festival also showed that BOSIDENG's down jackets continue to be favored by consumers, further increasing market recognition. The bank predicts that BOSIDENG will achieve improved performance in the second half of the 2026 fiscal year. Despite some adjustments in the product structure, the gross profit margin is expected to remain stable. The bank maintains a "buy" rating and raises the target price to 5.4 Hong Kong dollars. It also believes that BOSIDENG's expected dividend yield for the 2026 fiscal year exceeds 6%, making it highly attractive.