In "The Big Banks," China International Capital Corporation (CICC) initiates coverage on XIAOCAIYUAN with an "Outperform Industry" rating and a target price of 11.6 yuan
CICC published a research report indicating that it initiates coverage on XIAOCAIYUAN (00999.HK) with an "outperform industry" rating and a target price of HKD 11.6, equivalent to a forecasted price-to-earnings ratio of 15 times for this year.
The firm expects XIAOCAIYUAN's earnings per share to be RMB 0.61, RMB 0.68, and RMB 0.8 for the years 2025 to 2027, implying a compound annual growth rate of approximately 15% during this period
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