CITIC Securities International has initiated coverage on Saint Bella (02508.HK) with a "buy" rating and a target price of HK$9.38.

Zhitong Finance and Economics APP learned that CITIC Securities issued a research report stating that it is initiating coverage on SunBaila (02508.HK) for the first time, giving it a "buy" rating. The company's projected revenue for 2025-2027 is expected to be 1.034 billion yuan, 1.3 billion yuan, and 1.556 billion yuan respectively. This corresponds to a net profit attributable to shareholders of 372 million yuan, 224 million yuan, and 316 million yuan respectively, and adjusted net profit of 1.15 billion/2.54 billion/3.31 billion yuan. The fair stock price is 9.38 Hong Kong dollars.