Lates News

Citibank published a research report stating that the profit forecast for Naisen Tech for the years 2025-26 has been raised by 6% and the target price has been increased from 4.2 Hong Kong dollars to 8 Hong Kong dollars based on a PEG ratio of 0.7. The bank noted that Naisen Tech's first quarter orders increased by 60% year-on-year, showing strong momentum, and the growth in revenue supported by orders for electronic mechanical braking (EMB) and wire-controlled braking products met expectations, while the impact of US tariffs was lower than expected. The bank expects the company's net profit compound annual growth rate to be 29% from 2025 to 2027, and believes that the strong recovery in the group's profit momentum warrants a valuation upgrade, reiterating a "buy" rating.