CICC raises the target price of China Hongqiao (01378.HK) to 26.5 Hong Kong dollars. Green transformation + repurchase plan supports valuation repair.

According to the Intelligence Finance APP, JP Morgan released a research report, maintaining a "overweight" rating on China Hongqiao (01378.HK) and significantly raising the target price from 17 Hong Kong dollars to 26.5 Hong Kong dollars, indicating significant room for upside compared to the current stock price. This adjustment is based on the company's record-breaking earnings performance in the first half of the year, industry-leading valuation advantages, and long-term value enhancement brought about by strategic transformation.