Glonghui, Feb. 8 | Daiwa published a report saying that visiting Lijin Technology's (0558.HK) plant in the mainland last Friday, the company's management indicated a strong recovery in orders since the third quarter of last year. Among them, the second half of last year recorded a half-yearly increase of 60% to 70%, and believes new orders will be reflected in profits from the next quarter of this year. The company expects its market size to increase from the current 5 billion to 10 billion yuan, and hopes to increase to 20 billion yuan in the long term. The bank raised Lijin Technology's earnings per share from 2024 to 2025 by 10% to 17%, reflecting the rapid recovery of orders, and its target price from HK$8.6 to HK$11. This is equivalent to predicting a price-earnings ratio of 22 times and maintaining the “buy” rating. The stock is currently reported at HK$909, with a total market value of HK$12.5 billion.
大行评级 | 大和：上调力劲科技(0558.HK)目标价至11港元 评级“买入”
Major Bank Ratings | Daiwa: Raising Lijin Technology's (0558.HK) target price to HK$11 to “buy”
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