CICC: First Quantum Group (02555.HK) is rated as "outperform industry" with the potential to achieve good performance growth.

Zhixun Finance and Economics APP learned that Zhongjin Securities released a research report stating that considering the balanced product matrix and store layout of Cha Baidao (02555.HK), future continuous expansion is expected to achieve good performance growth. The stock is covered for the first time and is given an "outperform industry" rating, with a target price of 12 Hong Kong dollars. Based on the relative valuation method of price-earnings ratio, it corresponds to forecasted price-earnings ratios of 19 times and 15 times for the next two years. Zhongjin Securities predicts that Cha Baidao will have earnings per share of 0.59 and 0.72 RMB for the next two years, with an average annual compound growth rate of 50%.