---
title: "CICC raised the target price for WEIMOB INC by 56%, maintaining an \"outperform industry\" rating"
description: "CICC issued a report indicating that it has raised the target price for WEIMOB INC by 56% to HKD 2.8, considering the upward shift in industry valuation and the increased certainty of mid-term growth."
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/223037985.md"
published_at: "2024-12-23T01:40:19.000Z"
---

# CICC raised the target price for WEIMOB INC by 56%, maintaining an "outperform industry" rating

> CICC issued a report indicating that it has raised the target price for WEIMOB INC by 56% to HKD 2.8, considering the upward shift in industry valuation and the increased certainty of mid-term growth. It maintains the earnings forecasts for 2024 and 2025 and retains the "outperform the industry" rating. CICC noted that on December 18, WeChat's mini-store launched a gray-scale test for the "gift-giving" feature. With the gradual increase in the activity level of the WeChat e-commerce ecosystem, WEIMOB INC, as a leading third-party service provider, is expected to benefit. WEIMOB INC provides private domain traffic e-commerce-related services based on the WeChat ecosystem in the long term, such as small program e-commerce website building and operations; in addition, WEIMOB INC is also a leading service provider for Tencent's video account advertising. As the WeChat e-commerce ecosystem gradually flourishes, WEIMOB INC can assist existing merchants in connecting public domains (WeChat mini-stores) and private domains (small program stores), and is also expected to gain a more substantial customer increment, while further opening up growth space through ecosystem-related value-added services

On December 23rd, Jin10 Data reported that China International Capital Corporation (CICC) raised the target price for WEIMOB INC (02013.HK) by 56% to HKD 2.8, considering the upward shift in industry valuation and the increased certainty of mid-term growth. The performance forecasts for 2024 and 2025 remain unchanged, maintaining an "outperform industry" rating. CICC noted that on December 18th, WeChat's mini-store launched a gray-scale test for the "gift-giving" feature. With the gradual increase in the activity level of the WeChat e-commerce ecosystem, WEIMOB INC, as a leading third-party service provider, is expected to benefit. WEIMOB INC has long provided private traffic e-commerce-related services based on the WeChat ecosystem, such as small program e-commerce website building and operations; in addition, WEIMOB INC is also a leading service provider for Tencent's (00700.HK) video account advertising. As the WeChat e-commerce ecosystem gradually flourishes, WEIMOB INC can assist existing merchants in bridging the public domain (WeChat mini-store) and private domain (small program store), and is also expected to gain a more substantial customer increment, while further opening up growth space through ecosystem-related value-added services

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.