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<Research>Haitong Int'l Initiates Coverage on WB-SW w/ Rating Outperform & TP HKD107
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Haitong International has released a report initiating coverage on WB-SW (09898.HK). Considering its stable user base and usage time, Weibo has entered a steady development phase with a stabilizing growth rate, positioning it lower compared to other comparable internet companies. Accordingly, Haitong International gave WB-SW a valuation multiple below the industry average, namely a FY26 P/E ratio of 8 times. WB-SW's target price was set at HKD107, along with an Outperform rating. AAStocks Financial News |
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