CICC International: Raise the target price of Sanhua Intelligent Control (02050.HK) to HK$49, maintain "outperform" rating.

According to the Wisdom Financial News app, CCB International released a research report stating that based on a higher forecasted P/E ratio of 48 times (previously 45 times), the target price of Sanhua Intelligent Control (002050.SZ) has been raised from 49 RMB to 55 RMB. Correspondingly, CCB International also raised the target price of its H shares (02050.HK) from 46 HKD to 49 HKD; both the A shares and H shares maintain a "outperform" rating.