UBS: BOSIDENG (03998) Recommended to "Buy" with a target price of 5.92 Hong Kong dollars.

UBS released a research report stating that they have given a "buy" rating to BOSIDENG (03998), believing that the valuation is attractive and expecting a net income annual growth rate of 13% for the fiscal years 2025 to 2026, with a dividend yield of 7%. Despite its higher growth potential, the current trading price is still below the industry median, with a target price of 5.92 Hong Kong dollars. The bank expressed optimism about BOSIDENG's diversified business strategy, which includes outdoor and sun protection products aimed at capturing sales growth in the summer and autumn in the long term. They expect this strategy to enhance the company's profit stability, reduce its dependence on winter, and potentially lead to a revaluation. In addition, the bank believes upcoming catalysts for the company include its performance in the first half of the 2025 fiscal year, the tourism boom in Harbin, and new product releases.