The Zhitong Finance App learned that Damo released a research report stating that it maintained Yihai International's (01579) “in sync with the market” rating and raised the 2024-25 sales forecast by 3% to 5%. Sales are expected to increase by 11% and 8% respectively. The net profit margin remained generally stable at 13% to 14%, and the target price was raised from HK$11.7 to HK$15.9.
The bank said that even in the face of a low base and a non-peak season, it is expected that the company's third-party sales will increase by about 20% in the first quarter of this year. Furthermore, it is expected that the Group will be able to implement sales of more than 10% this year, and indicated that the company successfully launched products and expanded channels, but it is necessary to wait for actual execution results to appear.