CICC: Maintains Outperform Rating on Sinopec Engineering (02386) with a Target Price of HKD 6.6

According to the Zhitong Finance APP, China International Capital Corporation (CICC) has released a research report stating that it maintains its profit forecast for Sinopec Engineering (02386) at 2.2 billion / 2.4 billion yuan for the years 2026/27. The current stock price corresponds to a P/E ratio of 9x / 8x for 2026/27. The rating of "outperform industry" and the target price of 6.6 HKD are maintained, which corresponds to a P/E ratio of 11.5x / 10x for 2026/27, offering a 27% upside compared to the current stock price.