CMB International: Raised target price of Up Titanium Technology (01478.HK) to HK$13.21 and reiterated "buy" rating.

According to the WiseFinance APP, CMB International released a research report stating that AKT Limited (01478.HK) is expected to see its net profit for the mid-year increase by 1.5 to 1.8 times, with a median of 305 million Chinese yuan, exceeding market expectations by 20% and reaching 54% of the bank's full-year forecast. The bank has raised its earnings per share forecast for AKT Limited for the years 2025 to 2027 by 21 to 30% to reflect strong mid-term performance and more optimistic gross profit margin prospects; the target price has been raised from 9.25 Hong Kong dollars to 13.21 Hong Kong dollars, reaffirming a "buy" rating.