CICC: Maintains "Outperform" rating on China Heartland Chemical Fertilizer (01866.HK) with target price of HK$14.50

Zhitong Finance APP has learned that CICC issued a research report stating that it maintains an "Outperform" rating on China Heartland Chemical Fertilizer (01866.HK) with a target price of HK$14.50. The firm keeps its 2027 net profit forecast unchanged. The firm is optimistic that growth in urea and compound fertilizer sales will drive profit growth. The current share price corresponds to 7.1/5.1 times P/E for 2026/27, and the target price corresponds to 10.7/7.7 times P/E for 2026/27, implying 51.8% upside from the current share price.