---
title: "Cathay Securities and Haitong Securities: Maintain GLOBAL NEW MAT's \"Buy\" rating with a target price of HKD 5.27"
description: "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 f"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/263022769.md"
published_at: "2025-10-28T07:33:16.000Z"
---

# Cathay Securities and Haitong Securities: Maintain GLOBAL NEW MAT's "Buy" rating with a target price of HKD 5.27

> 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

According to the Zhitong Finance APP, Guotai Junan released a research report stating that it maintains a "Buy" rating for GLOBAL NEW MAT (06616), projecting the company's net profit attributable to shareholders for 2025-2027 to be 304 million, 376 million, and 488 million yuan, respectively, with a target price of HKD 5.27. The company's Phase II pearl material factory with an annual production capacity of 30,000 tons has gradually begun production; the infrastructure for the Hangzhou Tonglu project, which produces 100,000 tons of surface performance materials annually, is nearing completion and has entered the equipment installation phase. Such large-scale capacity will further consolidate the company's leadership position in global production capacity.

The report states that between July 2025 and October 2025, the company purchased a total of 1,121,800 shares of its non-wholly-owned subsidiary CQV. Before the increase in holdings, the company held a total of 4,390,000 shares of CQV, accounting for approximately 42.45% of the total issued shares of CQV at that time. After the increase in holdings, the company holds a total of 5,511,800 shares of CQV, accounting for approximately 50.75% of the total issued shares of CQV. Through this increase in holdings, the company aims to strengthen its control over overseas core assets, enhance the synergy of its global business, and reinforce governance stability. As an important part of the group's merger and integration strategy, CQV possesses a mature technology system, high-quality customer resources, and stable profitability, serving as a crucial support for the group's "Materials + Innovation + Full Scenario" overseas expansion strategy.

The company's board of directors announced that the transaction was finalized on July 31, 2025. This strategic acquisition of global business allows the group to further expand the geographical coverage and sales channels of its main business, marking an important step in the group's global layout. The highly complementary business integration will accelerate the group's penetration into key high-quality global markets, particularly in the automotive and cosmetics sectors. By integrating global business expertise in high-performance materials, cosmetics, and industrial applications, the group can further enrich its product portfolio and enhance the competitiveness of its main business

### Related Stocks

- [06616.HK - GLOBAL NEW MAT](https://longbridge.com/en/quote/06616.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 環球新材國際宣佈收購 JH 出售的股份 | 環球新材國際控股有限公司正在從君恆有限責任公司收購 JH Sale Shares，正如 2026 年 2 月 6 日之前宣佈的那樣。各方正在敲定與此次收購相關的潛在賣出期權的條款。已成立獨立董事會委員會以審查該交易，更多細節將在即將發佈的股 | [Link](https://longbridge.com/en/news/275597038.md) |
| 環球新材國際計劃以 14.9 億元人民幣收購浙江吉華集團的股份 | 環球新材國際控股有限公司計劃以約 14.9 億人民幣收購浙江吉華集團 29.89% 的股份。此次收購通過特殊目的載體進行，將使浙江吉華成為一家非全資子公司，並需獲得股東和監管機構的批准。該交易根據香港上市規則被歸類為關聯及需通知的交易，可能 | [Link](https://longbridge.com/en/news/275247786.md) |
| 中國城市基礎設施集團收購目標公司 60% 的股權 | 中國城市基礎設施集團有限公司已同意通過其子公司深圳華豐基礎設施投資有限公司收購目標公司的 60% 股份。該協議於 2026 年 2 月 10 日達成，完成取決於某些條件的滿足，這些條件必須在 2026 年 3 月 31 日之前完成，除非雙方 | [Link](https://longbridge.com/en/news/275697620.md) |
| GL Events 贏得合同，為蒙古舉辦的 COP17 提供臨時基礎設施 | GL Events SA 已被烏蘭巴托市政府授予一項合同，為定於 2026 年 8 月 17 日至 28 日在蒙古舉行的 COP17 提供臨時基礎設施。該活動將接待來自 190 多個國家的近 10,000 名代表，GL Events 將為  | [Link](https://longbridge.com/en/news/275641453.md) |
| Azuria 水解決方案公司宣佈收購 Caliagua 公司 | Azuria Water Solutions 宣佈收購位於加利福尼亞的 Caliagua, Inc.，該公司自 1978 年以來專注於水和廢水系統的開發。此次收購旨在增強 Azuria 的技術驅動水解決方案。Gus Bruner 和 Cor | [Link](https://longbridge.com/en/news/275644575.md) |

---

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