Guotai Junan Securities: Maintain Buy rating on Far East Horizon (03360), target price HKD 9.51.

According to the Zhito Finance APP, Guotai Junan Securities released a research report stating that it expects Far East Horizon (03360) to achieve net profit attributable to shareholders of the parent company from 2026 to 2028 to grow by +7.9%/+11.3%/+10.3% year-on-year, reaching 4.2 billion, 4.67 billion, and 5.15 billion yuan respectively, corresponding to BVPS of 11.69/12.66/13.73 yuan. Based on comparable companies, the firm gives Far East Horizon a 2026E PB valuation of 0.7x. At an exchange rate of 1 HKD = 0.86 CNY, the corresponding target price is HKD 9.51, and the "Overweight" rating is maintained. In the first half of 2026, the company achieved revenue of 18.039 billion yuan, a year-on-year increase of +4.1%; net profit attributable to ordinary shareholders was 2.222 billion yuan, a year-on-year increase of +2.7%. Far East Horizon is gradually building a diversified ecological system covering finance and industry, promoting long-term steady development through a "trinity" strategic synergy, while maintaining prudent operations and placing a high emphasis on shareholder returns, thus upholding a high dividend policy.