China Minsheng Bank International: Initiates coverage of Jingyuan International (02232) with a "Buy" rating and a target price of 8.6 Hong Kong dollars.

According to the Wise Finance APP, Minyin International released a research report stating that it has initiated coverage on Crystal International (02232) for the first time and assigned a buy rating with a target price of HK$8.6. The bank predicts that the company's revenue for 2025E-2027E will be 27.4/30.0/33.0 billion yuan respectively, with year-on-year increases of +10.8%/+9.5%/+10.2%. The gross profit margins are expected to be 19.9%/20.1%/20.2%, and the net profit attributable to equity holders is projected to be 2.3/2.6/2.9 billion yuan, with year-on-year increases of +14.7%/+12.8%/+11.1%.