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CITIC Lyon: Maintaining Comfort (02698) with a target price of HK$41 and a “outperforming the market” rating
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The Zhitong Finance App learned that CITIC Lyon released a research report stating that the target price for Maintaining Comfort (02698) is HK$41 and a “outperforming the market” rating. Investors' concerns include rising raw material prices, pricing flexibility, rising production capacity in Peruvian factories, and plans to join the detergent business in the second half of 2027.

The report quoted the company's management as predicting that the absolute value of net profit in the second half of 2026 will be roughly the same as in the first half of the year. Although the costs for 2026 have been largely locked in, gross margins for the second half of 2026 are still under pressure due to rising oil prices. According to management, the detergent business planned to be injected from parent company Sunda Group (with sales of approximately US$350 million in 2025) is expected to be launched in Latin America from the second half of 2027; the region's 2025 sales volume is between US$30 million and US$40 million.

With its unique growth, Le Comfort has benefited from the huge penetration potential of hygiene products in emerging markets around the world (Africa, Latin America and Central Asia), making it one of the bank's preferred stocks.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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