China Thai International: Maintains a "buy" rating on Wave Digital Enterprises (00596.HK) with a target price of HK$12.

Zhixin Finance APP learned that Zhongtai International released a research report stating that it maintains a "buy" rating on WaveStone Digital Enterprises (00596.HK), with the company's profit forecast remaining largely unchanged. The net profit for FY25E/FY26E is expected to be 520 million/620 million, a year-on-year increase of 35.6%/19.5%, and the compound annual growth rate of net profit from FY25E to FY27E is 19.1%. The expansion of the cloud service business has increased the company's profitability rapidly. The target price is adjusted to 12.00 Hong Kong dollars with a valuation of 20 times the FY26E P/E ratio.