CICC: Maintaining a outperform rating on Connetics Optical (02276.HK) with a target price of 58 Hong Kong dollars.

According to the Wisdom Financial APP, Zhongjin released a research report stating that it maintains Kangnait Optical (02276.HK) 2025/2026 earnings forecast basically unchanged, with the current stock price corresponding to a P/E ratio of 39/31 times for 2025/2026. Considering the company's upcoming inclusion in the Shanghai-Hong Kong Stock Connect and industry sentiment catalyst, the bank has raised its target price by 7% to 58 Hong Kong dollars, corresponding to a P/E ratio of 47/38 times for 2025/2026, with a 20% upside potential compared to the current stock price. The company announced that it will be included in 13 indices, including the Hang Seng Composite Index and the Hang Seng Hong Kong Stock Connect Index, starting from September 8, 2025. The bank believes that the company's liquidity will improve after its inclusion.