Zhìtōng Cái Jīng APP learned that Time Angel (06699) rose nearly 8% and as of the time of publication, increased by 7.75% to HKD 61.15 with a turnover of HKD 20.8675 million.

On the news front, Goldman Sachs has issued a research report stating that it has upgraded Time Angel's rating to 'buy' due to its long-term growth potential from accelerating international promotion, its leading position in the domestic market, its comprehensive products, brand/relationships established among dentists, and its continuous efforts to expand into lower-tier cities and the children and adolescent market. A new target price of HKD 87.8 has been set, implying a remaining upside potential of 55%.

Goldman Sachs predicts that Time Angel's market share will increase from 6% in 2023 to 10% in 2027, with a compound annual growth rate of 19% in sales and 81% in profit from 2024 to 2027 due to its expansion into lower-tier cities and the children and adolescent market. In addition, by 2027, Time Angel's international market will account for 32% of total sales, and the net profit margin will gradually improve to 6% in 2027 under the situation of high operating leverage.