Citic Securities International: Initiate Coverage on Yuexiu Property (01396) with a Buy Rating, Target Price of HK$20.00

According to the Wise Financial APP, Guotou Securities International released a research report, giving a target price of HK$20 for Yuegang Bay Zhi Suan (01396), corresponding to 2026E/2027E/2028E PE of about 57x/35x/20x. It initiates coverage with a "buy" rating. The bank estimates that the operating income for 2026E-2028E will increase to 4.25 billion/7.99 billion/13.01 billion yuan, with corresponding year-on-year growth rates of 323.6%, 88.2%, and 62.8%; it is expected that the net profit for 2026E-2028E will increase to 479 million/784 million/1.37 billion yuan, with corresponding year-on-year growth rates of 755.2%, 63.5%, and 74.8%.