Bank of America Securities: Reiterates "buy" rating on Maogeping (01318) with a target price of 95 Hong Kong dollars.

According to the Zhitong Finance APP, Bank of America Securities released a research report stating that it is expected that the 2026 first half revenue of MGP (01318) will increase by more than 20%, as the channel structure shifts towards online with higher profit margins, which will result in a certain expansion of gross profit margins and drive net profit growth of over 30%. Management expects revenue growth to accelerate in the second half of the year to achieve the full-year target of 30%. The bank roughly maintains its original forecast, giving a target price of HK$95. Due to the strong momentum of the MGP brand and its solid foundation, it is expected to increase market share through category and channel expansion in the industry's recovery; its unique positioning allows it to better resist competition, combined with attractive valuation, the bank reiterates a "buy" rating.