Guotai Junan Securities: First gives Sinopec Oilfield Service Corporation (02583) a buy rating with a target price of HK$56.96.

Zhitong Finance and Economics APP learned that Guotai Haitong Securities released a research report stating that considering the recent operating conditions of Xipini (02583), the bank expects the company's EPS to be 2.54/3.49/4.46 yuan for 2026-2028. Taking into account comparable companies, the bank uses the industry average valuation for the year 2026, corresponding to a PE of 19.5X, giving the company a target price of 56.96 Hong Kong dollars, and initiating coverage with a "hold" rating. The bank believes that the company is a leading enterprise in China's gold and precious metal watch industry, with a dual drive of OBM + ODM and benefiting from the concentrated industry structure.