CITIC Securities: First give a "buy" rating to Minglue Technology-W (02718.HK) New business Agentic Services lands immediately to realize high growth.

According to the latest news from Zhitong Finance APP, CITIC Securities has released a research report stating that Minglue Technology-W (02718.HK) has been given a "buy" rating for the first time. The company is currently at a crucial period of transitioning from traditional data intelligence to Agentic AI strategy. The new business Agentic Services achieved high growth in the second half of last year, with revenue expected to exceed 100 million yuan in 2025. The bank predicts that the company's net profits for 2026-2028 will be -190 million, 48 million, and 320 million yuan respectively. In 2026, due to a significant increase in research and development investment, the company will switch from profit to loss. In 2027, as the gross profit margin of agentic services business increases and research and development investment slows down, the company will switch from loss to profit, and in 2028, profits will significantly increase.