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<Research> UBS Slightly Lowers TP for WEILONG (09985.HK) to HKD15.5, Maintains 'Buy' Rating
Recommend 3 Positive 2 Negative 1 |
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UBS published a report indicating that WEILONG (09985.HK) achieved a year-on-year increase of 15% in revenue and 33% in net profit last year, reaching RMB7.224 billion and RMB1.425 billion, respectively. This implies a year-on-year growth of 12% in revenue and 55% in net profit for the second half. The revenue growth aligns with management's full-year target of a 15% increase; however, UBS believes the slowdown in growth in the second half was slightly below market expectations. The net profit benefited from margin expansion and improved sales and administrative expense ratios, meeting market expectations. Considering the performance, UBS adjusted its net profit forecast for WEILONG for 2026 to 2028 down by 0% to 1%, and lowered the target price from HKD16.5 to HKD15.5, while maintaining a 'Buy' rating. (hc/a) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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