JPMorgan Raises Price Target for BOSIDENG (03998) to HK$6.3, Keeps "Overweight" Rating
Stock News
Mar 10
JPMorgan has released a research report indicating an increase in the price target for BOSIDENG (03998) from HK$6 to HK$6.3, while maintaining an "Overweight" rating. Management at BOSIDENG anticipates that group-level sales for the fiscal year ending in late March will grow by 4% to 5%, with net profit margin also expected to expand. Looking ahead to fiscal year 2027, the bank projects that BOSIDENG will regain growth momentum driven by various initiatives. These include developing popular product lines, expanding new store formats, and increasing penetration in emerging markets.
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