Huatai Securities Raises CHINA COMM CONS H-Share TP to HKD5.42 as Overseas New Contracts Sustain Strong Momentum
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Huatai Securities has raised the target price for CHINA COMM CONS H-shares to HKD5.42, citing strong momentum from overseas contracts, which increased by 25.9% YoY. The company reported a revenue of RMB155.946 billion in Q1 2026, with a net profit of RMB4.103 billion, down 24.95% YoY. Despite a decline in domestic operations, the broker maintained a Buy rating and forecasts net profits of RMB15.5 billion to RMB16.2 billion for 2026-2028. The target price for A-shares remains at RMB8.55, with a price-to-earnings multiple of 5x for H shares.
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