CLSA Raises Target Price for JNBY to HK$25, Maintains Outperform Rating

Stock News
Yesterday

CLSA has released a research report increasing the target price for JNBY from HK$17 to HK$25, with an "outperform" rating. The company's stock price rose 7% last Friday, benefiting from better-than-expected net profit for the first half of fiscal year 2026, which ended in December, as well as steady progress toward its fiscal 2026 sales and net profit targets of RMB 6 billion and RMB 900 million, respectively. Gross margin expanded by 1.4 percentage points, supported by effective discount control and a favorable brand and channel mix. The firm anticipates that the group's fiscal 2026 sales and net profit will increase by 9% and 13% year-on-year. It has also raised its sales and net profit forecasts for fiscal years 2026 to 2027 by 0% and 2% to 3%, respectively, while adjusting its valuation basis by increasing the target price-to-earnings ratio for the next 12 months from 8x to 10x.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10