CITIC Securities: First to give a "buy" rating to Forte Group (03738.HK) with a target price of 8 Hong Kong dollars, optimistic about the long-term demand for global copyright protection.

According to the latest update from the the Securities Times APP, CITIC Securities released a research report stating that they are optimistic about the investment value of Fubon Group (03738.HK) and have initiated coverage with a "buy" rating. They forecast that the company's revenue for the years 2025-2027 will be 29.79/37.38/47.17 billion Hong Kong dollars respectively, with year-on-year growth of 24.1%/25.5%/26.2%; they also forecast that the company's net profit attributable to shareholders will be 1.92/2.87/4.50 billion Hong Kong dollars respectively, with year-on-year growth of 34.6%/49.2%/57.0%. Taking into account a combination of the composite branch valuation method and the mid-term PE valuation method, the target market value for the company is estimated to be 19.2 billion Hong Kong dollars/17.5 billion Chinese yuan, corresponding to a target price of 8 Hong Kong dollars/7 Chinese yuan respectively, rounded off.