CICC: Maintain outperform rating on Far East Horizon (03360), raise target price to HK$8.8

According to the Wise Finance APP, CICC released a research report stating that it maintains the profit forecast of Far East Horizon (03360) for 2025/2026. The company is currently trading at a P/B ratio of 0.67x/0.63x for 2025/2026. It maintains an outperform industry rating, as the company's valuation is at a significant discount and it has a stable dividend yield, making the current dividend rate highly attractive. Considering the market's preference for funds, the target price has been raised by 10% to HK$8.8 (corresponding to a P/B ratio of 0.75x/0.71x for 2025/2026 and an upside potential of 11%).