CMB International: Raises target price of Lu Yu Tea Group (06831.HK) to 10.54 Hong Kong dollars, optimistic outlook for the second half of the year.

According to the Wisdom Finance APP, China Merchants International released a research report stating that Green Tea Group (06831.HK) announced a profit forecast, expecting a 32% to 36% increase in net profit in the first half of this year, exceeding expectations. China Merchants International maintains a "buy" rating on Green Tea Group, raising the target price from 9.73 Hong Kong dollars to 10.54 Hong Kong dollars.