CICC: First coverage of XIAOCAIYUAN (00999) with an "outperform" rating, target price of HK$11.6.

Zhongjin released a research report stating that it will initiate coverage on XIAOCAIYUAN (00999) with an "outperform" rating, with a target price of 11.6 Hong Kong dollars, equivalent to a forecasted P/E ratio of 15 times for this year. The bank predicts that the earnings per share for XIAOCAIYUAN between 2025 and 2027 will be 0.61 yuan, 0.68 yuan, and 0.8 yuan respectively, implying a compound annual growth rate of approximately 15% during this period.