The Zhitong Finance App learned that CICC released a research report stating that it will keep Chow Sang Sang (00116.HK)'s 2026 and 2027 earnings forecasts unchanged, at HK$4.4 and HK$4.5, respectively, and maintain a “outperforming industry” rating and target price of HK$18.51, corresponding to 4 times the price-earnings ratio in 2026, with 37% upside compared to the current stock price. The bank believes that the company's same-store sales in mainland China have maintained positive growth in the context of industry pressure, showing operational resilience. Product portfolio optimization and core store upgrades are expected to enhance operational resilience.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that CICC released a research report stating that it will keep Chow Sang Sang (00116.HK)'s 2026 and 2027 earnings forecasts unchanged, at HK$4.4 and HK$4.5, respectively, and maintain a “outperforming industry” rating and target price of HK$18.51, corresponding to 4 times the price-earnings ratio in 2026, with 37% upside compared to the current stock price. The bank believes that the company's same-store sales in mainland China have maintained positive growth in the context of industry pressure, showing operational resilience. Product portfolio optimization and core store upgrades are expected to enhance operational resilience.
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