CICC: Maintain "Outperform" rating on Techcode (09911.HK) with a target price of 14.5 Hong Kong dollars.

According to the Zhixin Financial APP, CICC released a research report stating that it maintains its revenue and profit forecasts for Chizi City Technology (09911.HK) for the years 2025 and 2026. It maintains an outperforming industry rating and a target price of HK$14.5 for the Hong Kong stock, corresponding to a 26-year Non-IFRS P/E ratio of 14 times, with a 38% upside potential compared to the current trading at 11.5 times/9.9 times 2025/2026 Non-IFRS P/E ratios.