CICC: Maintains "Outperform" rating on Swire Pacific (06110.HK), lowers target price to 3.88 Hong Kong dollars.

According to the Wisdom Investor APP, Zhongjin has released a research report stating that due to weak demand and the main brand still in an adjustment period, Talbb (06110.HK) has lowered its FY26/27 EPS forecast by 4%/13% to 0.20/0.23 yuan. The current stock price corresponds to 14/12 times FY26/27 P/E, maintaining an outperform industry rating. The corresponding target price is lowered by 7% to 3.88 Hong Kong dollars, corresponding to 17/15 times FY26/27 P/E, with a 24% upside potential from the current stock price.