The Zhitong Finance App learned that, considering exchange rate fluctuations and rising costs, the 27/28 profit forecast for CICC Electric Holdings (00179.HK) was 42.3%/16.5% to US$123/188 million, corresponding to the current 13.2/8.6x P/E; at the same time, expectations of interest rate hikes led to a decline in the valuation of Hong Kong stocks, lowering the target price by 33.6% to HK$20.25, corresponding to 19.8/12.9x P/E for fiscal year 27/28, with 50% room compared to the current stock price to maintain the “outperform industry” rating.

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.