CICC: Raises Target Price of Superwin International Holdings (02111.HK) to 3.8 Hong Kong Dollars, Maintains "Hold" Rating

Wisdom Financial News app learned that J.P. Morgan released a research report stating that it has raised the target price of China Overseas Land & Investment Limited (02111.HK) from 3.4 Hong Kong dollars to 3.8 Hong Kong dollars, an increase of 11.8%, and maintains a "buy" investment rating. J.P. Morgan has reduced the profit forecast for China Overseas Land & Investment Limited for the years 2025-2027 by 1-3%, and extended the valuation deadline to December 26. The new target price, based on the discounted cash flow method, is 3.8 Hong Kong dollars, equivalent to 5 times the one-year forecasted P/E ratio.