CICC: Maintains "Outperform" rating for Seafood International (01308.HK), target price of 24.3 Hong Kong dollars.

Zhixin Financial App has learned that CICC released a research report stating that, considering that the operating income of Haifeng International (01308.HK) is better than expected, the bank has raised its net profit for 2025/2026 by 21.1%/20.3% to 910 million/760 million US dollars. The current stock price corresponds to a PE ratio of 7.8/9.4 times for 2025/2026. Considering the downward trend in industry risk preference, the bank maintains the company's outperforming industry rating and a target price of HK$24.3 per share, corresponding to a PE ratio of 9.3 times for 2025 and 11.2 times for 2026. If the dividend rate in 2025 remains the same as last year, the dividend yield will be 10.9%, making the dividend attractive.