BOCI Research: Raises Bosideng's (03998) target price to HK$5.4, maintains "Buy" rating.

Zhi Tong Financial APP learned that CCB International released a research report stating that in the first half of the 2026 fiscal year, Bosideng (03998) saw a 1% increase in revenue and a 5% increase in net profit compared to the previous year. Its main brand, Bosideng, performed steadily and outperformed the overall clothing industry. Recent sales data from the Double Eleven shopping festival also showed that Bosideng's down jackets continue to be favored by consumers, and its market recognition further increased. The bank predicts that Bosideng will achieve improved performance in the peak season of the second half of the 2026 fiscal year. Despite some adjustments in product structure, it is expected that the gross profit margin will 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 estimated dividend yield for the 2026 fiscal year exceeds 6%, making it highly attractive.