Yamato: Guoyuan Group (00551.HK) target price raised to HK$17, reaffirming "buy" rating.

Zhito Financial APP learned that Daiwa released a report stating that it has lowered its forecast for Yuyuan Group (00551.HK) earnings per share for 2025-26 by 9%, mainly due to lower gross profit margin forecasts. The bank continues to evaluate its OEM business at a P/E ratio of 10 times, which is applied to the bank's 2025 EPS, and uses the current market value as the basis for deriving the bank's new 12-month target price for its retail business, Baosheng International (03813.HK), based on SOTP, at 17 Hong Kong dollars (originally 19 Hong Kong dollars). Daiwa restated its "buy" investment rating on Yuyuan.