CICC: Maintain Yuexi International (01579.HK) target price of HK$15. Rating "Outperform Industry"

Wisdom Finance APP learned that Zhongjin released a research report stating that Yinghai International (01579.HK) was dragged down by related parties more than expected, and lowered its profit forecast for 2025/2026 by 9%/7% to 790 million/890 million yuan. The current trading is at 16/14 times 2025/2026 P/E; considering the upward shift in market valuation center, the target price of 15 Hong Kong dollars remains unchanged, corresponding to 18/16 times 2025/2026 P/E and 12% upside potential, maintaining an outperform industry rating. The bank expects the company's revenue in the first half of 2025 to remain flat year-on-year, third-party revenue to increase by a single-digit percentage year-on-year, and net profit to remain flat.