CICC: Raise Shanghai Fudan (01385.HK) target price to 67.42 Hong Kong dollars, third quarter performance in line with market expectations.

According to the Zhitong Finance and Economics APP, Zhongjin released a research report stating that considering the impact of asset impairment losses, the net profit forecast for Shanghai Fudan (01385, 688385.SH) in 2025 was reduced by 28.8% to 639 million yuan. The net profit forecast for 2026 was introduced at 923 million yuan. The A-shares of Shanghai Fudan were maintained at an outperforming industry rating, considering the upward shift in industry valuation, with the target price raised by 30.1% to 67.42 Hong Kong dollars.