Zhaojin International: Optimized supply and demand structure promotes reassessment, raises China Hongqiao's target price to HK$39.

According to the China Fortune Financial APP, CMB International has issued a research report, maintaining a "buy" rating on China Hongqiao (01378.HK) and significantly raising its target price from 27 Hong Kong dollars to 39 Hong Kong dollars. The report points out that benefiting from the improvement in supply and demand patterns, strong end demand, and cost stability and other multiple favorable factors, China Hongqiao is expected to receive further market revaluation.