CICC: Maintains "Outperform" rating on Naatura Group (06069), target price of HK$15.

date
14/05/2025
Chinatimes Financial APP learned that CICC released a research report stating that it maintains its earnings forecast for Shengye (06069) for 2025 and 2026. The company is currently trading at a P/E ratio of 22.6x/17.5x for 2025 and 2026. The target price for the company is maintained at HK$15 (corresponding to a 26.3x P/E for 2025) with an "outperform" rating, indicating a 16.5% upside from the current stock price. On May 13, 2025, Shengye announced that it had entered into a placement agreement with placement agents, intending to issue up to 17,480,000 shares at a placement price of HK$11.99 per share to no fewer than 6 placees (representing approximately 1.77% of the company's total issued shares on the announcement date).
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