Goldman Sachs: The fundamentals of YIHAI INTL (01579) remain stable, maintaining a "buy" rating.
The company expects that its core operating profit for Yihai International in 2026 will increase by 17%, taking into account the reduction in government subsidies and exchange losses resulting from the appreciation of the renminbi. After these adjustments, the annual net profit is expected to increase by 10% year-on-year to RMB 943 million.
Goldman Sachs released a research report stating that YIHAI INTL (01579) recently experienced a 13% price correction, believed to be due to market concerns over fluctuations in raw material costs and non-operating projects. The report emphasized that the company's fundamental strength and growth visibility remain solid, with third-party business maintaining strong double-digit growth in the first five months of this year. The stock's "buy" rating is maintained, with the target price slightly lowered from HK$19.1 to HK$19.
The bank expects YIHAI INTL's core operating profit for the full year 2026 to increase by 17%, taking into account reduced government subsidies and exchange losses from Renminbi appreciation. It is projected that net profit for the year will increase by 10% year-on-year to 943 million RMB.
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