CICC: Maintains Chow Sang Sang (00116.HK) "Outperform" Rating with Target Price of HK$18.51

Zhitong Finance APP has learned that CICC issued a research report stating that it maintains its 2026 and 2027 earnings per share forecasts for Chow Sang Sang (00116.HK) unchanged at HK$4.4 and HK$4.5, respectively, and maintains an "Outperform" rating and a target price of HK$18.51, corresponding to 4x 2026 P/E, implying 37% upside from the current share price. The bank believes that the company's same-store sales in mainland China have maintained positive growth despite industry pressure, demonstrating operational resilience, and that product mix optimization and upgrades of core stores are expected to further strengthen operational resilience.