Guotai Junan Securities: Maintaining Buy rating on BOSS Zhipin Ltd. (02076.HK) with a target price of HK$109.66.

According to the Wise Finance APP, Guotai Haitong released a research report stating that it maintains a recommendation to increase the rating of BOSS Zhipin-W (02076.HK). Due to macroeconomic fluctuations and the return of the company's growth rate to the mean, the company's revenue growth has slowed, but the company has implemented excellent cost control. While ensuring that core operating indicators continue to grow positively, profit margins continue to rise. Considering macroeconomic fluctuations, the adjusted net profit attributable to the parent company for 2025/26/27 is maintained at RMB 3.275/3.964/4.67 billion. Giving a valuation of 30x PE above the industry average for 2025, the target market value for 2025 is RMB 95 billion, calculated at an exchange rate of 1HKD=0.9109CNY, corresponding to HKD 104.3 billion, with a corresponding target price of HKD 109.66.