DBS Bank: Initiate coverage on Longfor Group (02290.HK) with a "buy" rating and a target price of 7.98 Hong Kong dollars.

According to the Wisdom Finance APP, DBS released a research report stating that Long Fung Group (02290.HK) is the largest pharmaceutical retailer in Hong Kong based on retail sales, with a market share of 5.2% in the 2025 fiscal year. In pharmaceuticals, health, and beauty, it ranks third with a market share of 5.8%. It has received a "buy" rating for the first time, with a target price of HKD 7.98.