Citi Research expects Koddi to sequentially launch three core products CU-40102, CU-10201, and CU-30101 in the next 12 months.
According to the Zhitong Finance app, Citi Research released a research report stating that it has lowered the revenue forecast for Koddi-B (02487) for 2024-2026, and raised its net profit forecast from 2026. The target price for Koddi has been raised by 73%, from HK$8.8 to HK$15.2, and maintains an 'outperform' rating.
The bank believes that 2025 is a key commercial year for Koddi, as it is expected to sequentially launch three core products CU-40102, CU-10201, and CU-30101 in the next 12 months, and the unique positioning and first-mover advantage of these products should support index-level growth prospects.