Lyon: Raise the target price of JS Global Lifestyle (01691.HK) to 2.3 Hong Kong dollars, with a rating of "outperform the market".

According to the Chinese finance app Caijing, a research report released by Lyon stated that JS Global Life (01691.HK), a subsidiary of JIUYANG, is actively investing in market promotion to expand market share. However, Lyon believes that future growth will mainly come from SharkNinja's Asia-Pacific business. As SharkNinja continues to provide mature products in the US market and leverage its brand effect in the Asia-Pacific region, the Asia-Pacific market is growing rapidly, and its market share in the future will be comparable to that in the US market. With economies of scale in SharkNinja's Asia-Pacific business and the expiration of some related transaction costs, profitability is expected to improve. The bank has raised its net profit forecast for 2025 and 2026 by 26.1% and 24.5% respectively, and its revenue forecast by 1% and 3.3% respectively. It maintains an "outperform the market" rating and raises its target price from 1.7 Hong Kong dollars to 2.3 Hong Kong dollars.