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2026-07-09 13:51:40 CICC published a report saying that H&H INTL HLDG (01112.HK)'s operating data for the first half beat expectations, with revenue rising by a double-digit YoY rate. Adjusted EBITDA increased by 60% to 70% YoY, while adjusted EBITDA margin exceeded 20%. Adjusted net profit surged by more than 100% YoY, and reported net profit also climbed by more than 700% YoY. The stronger-than-expected operating data in the first half was mainly driven by better-than-expected profitability of the Baby Nutrition and Care (BNC) segment. The broker said that, considering BNC profitability exceeded expectations, it raised its 2026/2027 earnings forecasts by 24% and 22% to RMB1.04 billion and RMB1.2 billion, respectively. The stock is currently trading at forecast 2026/2027 P/E ratios of 7x and 6x. Taking into account sector valuation compression, CICC lifted its TP by 6% to HKD18.8, corresponding to forecast 2026 and 2027 P/E ratios of 10x and 9x, while maintaining an Outperform rating. (ha/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |