Oriental Securities:First covering of Leshufu (02698.HK) with a "buy" rating, target price of HKD 36.05

According to the WeChat Financial APP, Orient Securities released a research report predicting that the EPS of Luxshu Shi (02698.HK) in 2026-28 will be 0.23/0.27/0.32 US dollars respectively. Based on comparable company valuation, a 20x PE ratio is given for 2026, with a target price of 36.05 HKD (1 USD 7.8363 HKD). It is given a "buy" rating for the first time.