Haitong International: Initiates CALB (03931.HK) with a target price of HK$23.4, giving it an "Outperform" rating.

Zhito Finance APP has learned that Haitong International issued a research report, initiating coverage on CALB (03931.HK) with an "Outperform" rating and a target price of HK$23.4. CALB's net profit attributable to shareholders is expected to have a CAGR of approximately 36% from 2026 to 2028, which is at a relatively high level among comparable companies. The bank assigns it a 2027 PE of 9.5x and an exchange rate of 0.86.