CMB International: Initiates coverage of Ninebot Intelligent Investment (09636) with a "buy" rating and a target price of HK$65.

According to the Wisdom Financial APP, CMB International published a research report stating that it initiated coverage on Ninepoint AI (09636) with a "buy" rating. Based on a forward-looking P/E ratio of 29 times for the same industry, the target price is 65 Hong Kong dollars, implying estimated P/E ratios of 25 times and 22 times for 2025 and 2026 respectively. Ninepoint AI Holding, with its large-scale multi-channel broadcasting network matrix, has grasped the trend of retail investors entering the A-share market. In the era of thriving new media ecosystem, the company's traffic acquisition model has shifted from being "platform-driven" to "content-driven". This shift allows platforms with high-quality content and strong user engagement to attract more user attention.