CITIC Securities maintains a "buy" rating on Beautiful Countryside Medical Health (02373.HK) and acquires Siyanli to enhance its layout.

Intelligence financial APP learned that CITIC Securities released a research report, stating that the acquisition of Siyanli by Beautiful Countryside Medical Health (02373.HK) will consolidate its position in the high-end beauty care services market. The bank expects that the company will continue to have room for optimization in its business model during its expansion through a combination of internal growth and mergers and acquisitions. They are not considering Siyanli's consolidation at the moment, and believe that there is still room for improvement in the company's current integration. The bank updates its net profit forecast for 2025-2027 to be 372 million/409 million/486 million yuan, corresponding to PE multiples of 18X/17X/14X, respectively. They maintain a "buy" rating.