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<Research>CLSA Lifts BOSIDENG (03998.HK) TP to $5.8 on Strong Sales from 2HFY2026
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BOSIDENG (03998.HK)'s 1HFY2026 sales/ net profit rose by 1.4%/ 5.3% YoY each, in line with expectations, according to CLSA's research report. The management reiterated its FY2026 guidance, expecting sales to grow by 10% YoY, with net profit growth exceeding sales growth. Since October, BOSIDENG's offline sales were up by double digits YoY on narrower discounts, while online business maintained strong momentum during the Double 11 period. Therefore, the broker lifted its target price from $5.2 to $5.8 due to an increase in the projected PE ratio to 13x (previously 12x). Considering the predicted dividend yield of 6.5% over the next 12 months, as well as attractive risk reward and lower base ahead, CLSA kept rating at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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