UBS: UBS raises target price to HKD 82 for Era Angel (06699.HK) and reaffirms "buy" rating with forecasted earnings per share.

According to the Wise News APP, UBS released a research report stating that Era Angels (06699.HK) is expected to achieve a net profit of 13.4 million to 14.8 million US dollars in the first half of the year, a year-on-year increase of 538% to 605%, exceeding market expectations. The bank believes that investors will react positively to this due to better-than-expected growth in both local and overseas revenue. The bank has substantially raised its earnings forecast for Era Angels this year by 105% to 1.18 yuan per share to reflect lower-than-expected operating expenses. Assuming that the overseas business can achieve breakeven in 2027, the earnings forecast for 2027 per share is raised by 7% to 2.02 yuan. UBS has a target price of 82 Hong Kong dollars for the stock and maintains a "buy" rating.