In "The Big Banks," CICC maintains BLOKS with an "outperform industry" rating, target price lowered to 100 yuan

AASTOCKS
2026.01.26 06:39

CICC published a research report stating that BLOKS (00325.HK) will launch large-scale products in 2025 to test and refine its offerings. The company plans to moderately focus on popular product categories in 2026. The firm believes this strategy can improve the visibility of its profit growth and recommends investors pay attention to its new product categories and overseas expansion.

Considering that the performance of some new products has been disappointing, the firm has lowered its adjusted net profit forecasts for BLOKS for 2025 and 2026 by 19% and 17%, respectively, to RMB 654 million and RMB 869 million, and expects it to reach RMB 1.07 billion in 2027. The firm maintains the company's "outperform the industry" rating but has reduced the target price by 26% to HKD 100

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer