Guotai Haitong: Initiates coverage on H&H International Holdings (01112.HK) with "Overweight" rating, target price HK$34.12

Zhito Finance APP has learned that Guotai Haitong has issued a research report, initiating coverage with an "Outperform" rating on H&H International Holdings (01112.HK). The bank estimates the company's EPS for 2026-2028 to be RMB 1.63/1.88/2.04. Considering that the company is gradually reducing debt and the proportion of its health supplement business continues to rise, under the resonance of an upward business performance cycle plus improving debt cycle, the company is expected to usher in a revaluation. It initiates coverage with an 18x PE for 2026, corresponding to a target price of HKD 34.12 (based on 1HKD=0.86CNY).