CICC: First to Give Kangnite Optical (02276.HK) Outperform Industry Rating, Target Price of HK$54

Zhitong Finance APP learned that CICC issued a research report stating that it has initiated coverage on Conant Optics (02276.HK) with an "outperform" rating and a target price of HK$54, corresponding to a forecasted P/E ratio of about 35 times in 2026. CICC pointed out that as a global leading manufacturer of resin lenses, Conant Optics is expected to continue to achieve profit growth through the development of custom lenses, its own brand and smart glasses business, thanks to its R&D strength and stable customer base. It is estimated that its earnings per share for 2025 and 2026 will reach RMB 1.14 and RMB 1.42 respectively, with a average annual compound growth rate of 26%.