CICC: Maintains target price of HKD 6.95 for Yanzhihua (01497.HK), rating Outperform Industry

According to the Zhitong Finance APP, China International Capital Corporation (CICC) released a research report stating that due to the better-than-expected performance of Yanzhi House (01497.HK) in expanding its online channels, coupled with the company's ability to hedge its expenses through margin improvements, the bank has raised its profit forecasts for 2026/27 by 18%/19% to 227 million / 233 million yuan. It maintains a target price of 6.95 Hong Kong dollars, which corresponds to a price-to-earnings ratio of 12.2/11.6x for 2026/27. The current stock price corresponds to a price-to-earnings ratio of 9.6/9.1x for 2026/27, indicating a potential upside of 27.5% compared to the target price.