Haitong International: Maintain Buy rating on Guotong Hall (02273.HK) with a target price of HK$67.35.

According to the Wisdom Finance APP, Haitong International released a research report stating that as a leading domestic chain of traditional Chinese medicine medical services, Gu Sheng Tang (02273.HK) has outstanding brand strength and digital technology advantages. Its target price is maintained at HKD67.35 per share, corresponding to a 37x/31x PE ratio for 2025/2026. The rating of "better than the market" is maintained with a recommendation to pay attention. The bank expects Gu Sheng Tang's revenue to be 3.4 billion yuan/4.03 billion yuan in 2025/2026, an increase of 12.5%/18.5% year-on-year; net profit attributable to owners is expected to be 410 million yuan/490 million yuan, an increase of 32.4%/19.6% year-on-year.