CICC: Maintains Outperform rating on LianYi Rong Technology-W (09959) and raises target price to 3.6 Hong Kong dollars.

Zhijing Finance APP learned that CICC released a research report stating that it maintains its unchanged profit forecast for Lianyirong Technology-W (09959) for 2025 and 2026. The current trading is at 0.9x/0.8x 2025/2026 P/B. Considering the company's strategic breakthroughs and business structure optimization, the bank raised the target price by 77% to 3.6 Hong Kong dollars (corresponding to 1.1x/1.0x 2025/2026 P/B and 12.2% upside potential), maintaining an outperform industry rating.