CICC: The target price of Yuexi Stock (02145.HK) has been set at 114 Hong Kong dollars, with a maintained "buy" rating.

According to the financial news app Securities Times, JPMorgan Chase has released a research report stating that it has given a target price of HK$114 for Shangmei Group (02145.HK) based on the discounted cash flow method (DCF), corresponding to a 30 times and 24 times price-earnings ratio for 2026/27, while maintaining a "hold" rating. The bank predicts that the group will further increase its market share with a multi-brand portfolio, research and development capabilities, omni-channel presence, and increasing brand value, as well as the rapid growth of the mainland beauty industry. In the first half of 2025, the group's performance remained stable, and the bank holds an optimistic long-term view of the group's future. The bank has raised its profit forecasts for 2025-27 by 1-5%, which is 3-8% higher than the general market expectation.