Bank of America Securities: Raise Zhou Dasheng (01929.HK) target price to 15.4 Hong Kong dollars, reiterate "buy" rating.

According to the Wisdom Financial APP, Bank of America Securities released a research report stating that Chow Tai Fook (01929.HK) net profit forecast for the fiscal year 2026 has been raised by 12% to 7.7 billion yuan, equivalent to a year-on-year increase of 30%, to reflect better revenue and profit margin guidance. The target price has been raised by 12% to 15.4 Hong Kong dollars, reaffirming a "buy" rating, as it believes that continued improvement in key operational indicators can support a re-rating of the stock.