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<Research>HTSC Elevates CHINA RES MIXC (01209.HK) TP to $46.6, Keeps Rating at Buy
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CHINA RES MIXC (01209.HK)'s 1H25 results were in line with the Company's guidance, according to Huatai Securities' research report. The broker was optimistic about the recovery in consumption as a catalyst for the Company's operations, and kept rating at Buy. Huatai Securities expected the Company's full-year core net profit to achieve double-digit growth guidance, and maintain a 100% dividend yield. The average 2025 PE ratio for comparable companies is 14x. Considering the Company's competitive barriers in commercial management and its emphasis on shareholder returns, the broker believed that a reasonable 2025 PE ratio for the Company is 24x, and elevated its target price to $46.6 (previously $39.81, based on a 2025 PE of 21x), mainly due to higher valuation. AASTOCKS Financial News Website: www.aastocks.com |
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