CICC published a research report indicating that NEWBORNTOWN (09911.HK) is expected to see a year-on-year revenue growth of 37.6% to 39.9% in the first three quarters, with an anticipated range of RMB 4.91 billion to 4.99 billion.
The firm maintains its revenue and profit forecasts for NEWBORNTOWN for this year and next, reiterating an &#34;outperform the industry&#34; rating and raising the target price by 7.4% to HKD 14.5

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CICC published a research report indicating that NEWBORNTOWN's revenue for the first three quarters is expected to grow by 37.6% to 39.9% year-on-year, anticipated to be between RMB 4.91 billion and RMB 4.99 billion. The firm maintains its revenue and profit forecasts for NEWBORNTOWN for this year and next, reiterating an "outperform industry" rating and raising the target price by 7.4% to RMB 14.5

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In "Major Banks," China International Capital Corporation raised the target price of NEWBORNTOWN to 14.5 yuan and maintained the "Outperform Industry" rating