CICC: Maintains outperform rating on Veeko Group (02199), with a target price of 2.38 Hong Kong dollars.

Wisdom Finance APP learned that CICC released a research report stating that, considering additional work experience compensation, it lowered Vznet (02199) FY27 profit forecast by 14% to HK $313 million, introduced FY28 profit forecast of HK $600 million, current corresponding FY27/FY28 7x/3x P/E, maintaining an outperform industry rating. Considering the company's clear long-term profit recovery path, maintaining a target price of HK $2.38, corresponding to FY26/FY27 9x/5x P/E, with a 38% upside potential from the current stock price.