Dongwu Securities: Initiate a "buy" rating on Tian Gong International (00826.HK), optimistic about the increase in titanium alloy in consumer electronics volumes.

According to the Wise Finance and Economics APP, Dongwu Securities released a research report stating that it is expected that the revenue of Tian Gong International (00826.HK) will be 5.2 billion, 6.1 billion, and 7 billion yuan from 2025 to 2027, with corresponding growth rates of 8%, 16%, and 14%; the net profit attributable to the parent company will be 430 million, 610 million, and 810 million yuan, with corresponding growth rates of 20%, 41%, and 35%, and corresponding PE ratios of 17, 12, and 9 times. The bank is optimistic about the company's titanium alloy in the consumer electronics market, as well as its proactive layout in the field of new materials. It is the first coverage and recommend a "buy" rating.