VALUE PARTNERS (00806) shares climbed 5.74% in early trading, reaching HK$2.58 with turnover of HK$27.15 million.
Recently, VALUE PARTNERS announced its interim results for the six months ended June 30, 2025, reporting total revenue of HK$221 million, down 6.3% year-on-year. Profit attributable to owners surged 572.7% to HK$252 million, with basic earnings per share of 13.8 HK cents. The company attributed the strong performance primarily to investment gains from proprietary fund investments, which offset a slight decline in management fees.
CICC issued a research report stating that based on VALUE PARTNERS' (00806) AUM recovery and significant improvement in investment returns, it has raised its 2025 earnings forecast from HK$120 million to HK$390 million and introduced a 2026 earnings forecast of HK$320 million. The company currently trades at 2025e 9.5% P/AUM and 10.5x P/E. Based on the company's AUM recovery and improving market sentiment, CICC raised its target price by 43% to HK$3.0, corresponding to 2025e 12.6% P/AUM, representing 32% upside potential from the current share price while maintaining its outperform rating.