The Zhitong Finance App learned that CICC released a research report saying that for the first time, CICC (02698.HK) gave a rating of outperforming the industry. The target price was HK$40.00, corresponding to 24 times P/E in 2026, with 24% room for growth. The bank expects the company's 2025/2026 EPS to be $0.19/0.22, respectively, and the 2024-2026 CAGR will be 21.1%. The current stock price corresponds to 2025/2026 23/19 times P/E. The bank believes that the market has underestimated the company's barrier advantages of deep localization in Africa, medium- to long-term growth dividends in emerging markets, and extended category development prospects.

The Zhitong Finance App learned that CICC released a research report saying that for the first time, CICC (02698.HK) gave a rating of outperforming the industry. The target price was HK$40.00, corresponding to 24 times P/E in 2026, with 24% room for growth. The bank expects the company's 2025/2026 EPS to be $0.19/0.22, respectively, and the 2024-2026 CAGR will be 21.1%. The current stock price corresponds to 2025/2026 23/19 times P/E. The bank believes that the market has underestimated the company's barrier advantages of deep localization in Africa, medium- to long-term growth dividends in emerging markets, and extended category development prospects.