Dah Sing: Raised the target price of Modern Land (01316.HK) to 7 Hong Kong dollars, reaffirming the outperform market rating.

According to the Securities Times app, Daiwa released a research report stating that Naspers (01316.HK) has been continuously reducing costs and improving profit margins in the past few years. The company is believed to have benefited since the second half of last year, and the group's future profit ability is expected to continue to improve. Daiwa reiterated its "outperform the market" rating for Naspers, raising its target price from HK$6.8 to HK$7. The bank also raised its earnings forecast for the group for 2026 to 2027 by 7% to 9% to reflect better-than-expected profit margins.