Cathay Securities and Haitong Securities: Maintain GLOBAL NEW MAT's "Buy" rating with a target price of HKD 5.27
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CITIC Securities maintains a "Buy" rating on GLOBAL NEW MAT with a target price of HKD 5.27. The company's Seven Color Pearl Phase II factory is gradually starting production, and the infrastructure for the Hangzhou Tonglu project is nearing completion. It is expected that the net profit attributable to the parent company will be RMB 304 million, 376 million, and 488 million for the years 2025-2027. The company aims to enhance its control over overseas core assets by increasing its stake in CQV to 50.75%, promoting global business synergy, particularly in market penetration in the automotive and cosmetics sectors
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