GLONGHUI, March 20 | According to a report published by Yamato, SMOORE's management said it expects double-digit revenue growth this year, while profit growth is slow, mainly due to continued investment in R&D of new products, and it is estimated that the product and revenue mix will be more diversified. The bank believed that the worst was over and reaffirmed its “outperforming the market” rating. The target price was raised from HK$6 to HK$8. According to the company, the revenue growth prospects of the US and Chinese markets are still largely dependent on regulatory rules. The bank estimates that the two markets will recover step by step this year from last year's low base. The bank raised the company's profit forecast for this year and next two years by 1% to 2% to reflect higher revenue growth forecasts.