CICC: First to grant Minglue Technology (02718) an "Outperform" rating with a target price of HK$321.
Mingyue Technology is the largest data intelligence application software company in China. Its marketing intelligence core product "Second Needle System" is China's first big data-driven advertising monitoring product.
CICC released a research report stating that, for the first time, it covers Minglue Technology (02718) with an "outperform" rating and a target price of HKD 321. The firm pointed out that Minglue Technology is China's largest data intelligent application software company, and its core product "Miao Zhen System" is China's first big data-driven advertising monitoring product.
The firm predicts that the company's revenue will be RMB 1.41 billion, RMB 1.84 billion, and RMB 2.37 billion respectively in 2025/2026/2027. The compound annual growth rate from 2024 to 2027 is expected to be 19.7%.
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