Guotai Junan International maintains a "buy" rating on Vico Technology (01860) and raised the target price to HKD 20.9.

According to the Wise Finance APP, Guotai Junan International released a research report stating that with the upgrade iteration of platform algorithm capabilities and the launch of new products, it is believed that Hui Liang Technology (01860) will have better performance. Due to the company's financial performance better than the bank's previous expectations, the bank raised its profit forecast for 2025 and 2026 and added a forecast for 2027, expecting EPS for 2025/2026/2027 to be $0.06/$0.08/$0.10 (previously $0.04/$0.05 for 2025/2026). Considering the fast future business growth rate, a 2x PS for 2025 is given, raising the target price to 20.9 Hong Kong dollars (previously 12.8 Hong Kong dollars), maintaining a "buy" rating.