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CICC Axes CG SERVICES TP by 17% to HKD6.5, Reiterates Neutral Rating; Interim Results In Line
2026-08-28 15:35:24
CICC issued a report covering CG SERVICES (06098.HK), of which income statement showed preliminary signs of stabilization, while maintaining a positive view on shareholder returns. Its 1H26 revenue lifted 6% YoY to RMB24.5 billion; net profit sank 5% YoY to RMB950 million; core net profit hiked 3% YoY to RMB1.62 billion, returning to YoY growth.

The results were in line with the broker's expectations. The broker maintained its earnings forecasts for 2026 and 2027 unchanged and reiterated the Neutral rating. The broker axed the TP by 17% to HKD6.5 to reflect fading market risk appetite toward the sector.
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AASTOCKS Financial News
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