AI cloud drives profit surge, BOCI initiates coverage on JINGGANG NEW ENERGY (01783.HK) with "Buy" rating.

Zhito Finance APP has learned that BOCI has released a research report, initiating coverage on Jjing New Energy (01783.HK) with a "Buy" rating and a target price of HK$6.90. The report prices the stock at 20 times the forecasted P/E ratio for FY2029 (EPS of approximately HK$0.34), and believes that the AI cloud business will become the company's main engine for profit growth, driving a qualitative change in its profit structure.