CICC: Maintains outperform rating on Six Flags Entertainment Corporation (00590), with a target price of HK$34.31.

According to the Securities Times APP, CICC released a research report stating that due to the good gross profit and operating leverage of the Luk Fook Group (00590), it raised the FY27 EPS forecast by 23% to 3.84 Hong Kong dollars and introduced the FY28 EPS of 4.23 Hong Kong dollars. The current stock price corresponds to 6/5 times the FY27/28 P/E, maintaining an outperform industry rating. Considering the industry valuation has fallen, the target price is maintained at 34.31 Hong Kong dollars, corresponding to 9/8 times the FY27/28 P/E, with an upside potential of 57%.