Guotai Junan International gives "overweight" rating to Country Garden Holdings (02111.HK), with a target price of HK$4.42.

Zhitong Finance APP learned that Guotai Haitong released a research report, stating that it is optimistic about the performance of Chao Ying International Holdings (02111.HK) in the field of elastic fabrics with years of experience, deepening cooperation with well-known sports and outdoor brands both domestically and internationally, and leveraging mature overseas production capacity to obtain more orders in the textile and clothing manufacturing and trade pattern adjustment. The bank predicts that the company's net profit attributable to shareholders for the years 2025-2027 will be 590 million, 640 million, and 700 million Hong Kong dollars, respectively. Using the comprehensive valuation methods of PE and PB, the average target price is set at 4.42 Hong Kong dollars per share. This is the first coverage of the company with a "buy" rating.