Yamato: Upgrade of 4th paradigm(06682) rating to "Buy" Target price raised to 58 Hong Kong dollars

According to the Zhitong Finance and Economics app, Daiwa Securities released a research report stating that artificial intelligence company Fourth Paradigm (06682) has obtained a license to use the Sage AI platform for sales of artificial intelligence systems, allowing enterprises to use proprietary data to train their own models in private deployments. Daiwa expects that the company's expected order growth for the years 2025 to 2026 may exceed expectations, and the drag on equity disposal rights of shareholders has been removed. The stock rating has been upgraded from the previous "underperforming the market" to "buy", and the valuation basis has changed from Price/Sales Ratio (PSR) to Price/Earnings Ratio (PER), with a target price raised from the original 47 Hong Kong dollars to 58 Hong Kong dollars based on an average target Price/Earnings Ratio of 80 times for the current and next year.