CMB International Securities: Target price for Cheesecake City Technology (09911.HK) is 16.2 Hong Kong dollars, expected to maintain strong momentum.

According to the information obtained from the Securities Times APP, CMB International Securities released a research report stating that the target price for ChiZi City Technology (09911.HK) is 16.2 Hong Kong dollars based on the Sum of the Parts (SOTP) valuation method, corresponding to a 17 times and 14 times price-earnings ratio for the 2025/26 fiscal year. Future catalysts include: user growth exceeding expectations, new product launches, and the possibility of inclusion in the Hong Kong stock connect in March 2026.