The Zhitong Finance App learned that Yamato released a research report stating that it gave Yadi Holdings (01585) a “buy” rating and believed that its product optimization had paid off, raised its earnings forecast per share for this year and next two years by 0.1 to 1.1%, and raised the target price from HK$18 to HK$19.
The bank said it participated in the company's post-performance non-transactional roadshow. Management expects revenue to grow 14% to 16% (mid-teens) year-on-year this year, with the mainland business growing by about 10% year-on-year. Yadi Holdings management expects sales growth to be normal in the second half of this year, while peak season demand from the second quarter to the third quarter will be skewed towards more cost-effective products.