CICC: Maintains a Outperform Rating on Asia Allied Infrastructure Holdings Limited (06601.HK) with a target price of HK$3.65.

According to the Zhitong Financial APP, released a research report stating that it maintains the profit forecast for Zall Group (06601.HK), with the current stock price corresponding to 14/13 times P/E for 2025/26. It maintains an outperform industry rating and a target price of HK $3.65, corresponding to 20/19 times P/E for 2025/26, with a 46% upside potential. The company announced its 1H25 performance, with revenue of 1.34 billion yuan, up 7.2% year-on-year, and a net profit attributable to shareholders of 170 million yuan, down 3.3%, which is in line with the bank's expectations. The company also announced a mid-term dividend of RMB 0.0521 per share (or HK $0.0571 per share), with a dividend payout ratio of 40%, showing a strong shareholder return.