CICC International: Raises Sanhua Intelligent Control's target price to 49 Hong Kong dollars, maintains "outperform" rating.

CICC released a research report stating that based on a higher forecasted P/E ratio of 48 times, the target price of Sanhua Intelligent Control has been raised from 49 yuan to 55 yuan. Correspondingly, CICC also raised the H-share target price from 46 Hong Kong dollars to 49 Hong Kong dollars; both A-share and H-share maintained an "outperform" rating.