Guosheng Securities: Initiates coverage on EACO Intelligent Driving (07687.HK) with a "Buy" rating, target price HK$97.49

Zhito Finance APP has learned that Guosheng Securities issued a research report predicting that EACO Intelligent Driving (07687.HK) will achieve operating revenue of RMB 1.8 billion/2.5 billion/3.2 billion in 2026-2028, representing year-on-year growth of 28%/37%/28%; considering the company's leading position and growth potential, it believes the company's reasonable market value is HKD 14.7 billion (target price HKD 97.49), corresponding to 5x 2027 P/S, initiating coverage with a "Buy" rating; the bank believes that the increase in penetration rate of unmanned mining trucks, and the company's overseas expansion and asset-light strategy, are worth being optimistic about.