Lyon: Haitong Int'l Securities Group raises target price of Jinchipu (02513.HK) to 2,061 Hong Kong dollars and upgrades rating to "Outperform".

According to the Zhitong Finance APP, it was reported that Lyon released a research report stating that WiseLogic (02513.HK) plans to issue 19.78 million H shares at a price of HK$1,588 per share, raising approximately HK$31.4 billion. The bank believes that this equity placement significantly enhances the company's financial position, supporting the expansion of reasoning services and annual recurring revenue growth. With the scalable API business and profit margin improvement brought by the upgrade of the inference engine, the company is expected to achieve a break-even in 2028, one year ahead of schedule. The bank has raised WiseLogic's revenue forecast for 2026 and 2027 by 43% and 65% respectively, and raised the target price from HK$1,500 to HK$2,061, upgrading its rating to outperform the market.