Citi: Raises target price for Bosideng (03998.HK) to HK$6.2, Rating "Buy"

According to the CITIC Securities APP, JP Morgan released a research report stating that Bosideng (03998.HK) retail sales for the fiscal year ending in March doubled to 1 billion yuan compared to the same period last year. The company has also launched a new spring and summer series, including sun protection clothing and new outdoor product categories. The bank stated that Bosideng has upgraded its sun protection clothing and with the addition of new outdoor product categories with detailed quantitative indicators, it is expected that its sales will remain strong. The bank expects steady growth in sales of the group's spring and summer series for the 2026 fiscal year, raising its profit forecast for the 2025 to 2027 fiscal years by approximately 1%. The target price has been slightly adjusted from 6.1 Hong Kong dollars to 6.2 Hong Kong dollars, maintaining a "buy" rating.