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CITIC Securities: First rated Maogeping as 'buy'
Jinshi data news on December 13th, CITIC Construction Investment released a research report stating that it initiated coverage on Maogeping (01318.HK) with a ‘buy’ rating, believing that the company is a local beauty group that combines the rare characteristics of cosmetics track, high-end positioning, and strong offline layout. The company’s profit capability leads the industry, with expected revenues of 4.11 billion, 5.581 billion, and 7.374 billion RMB for Maogeping in 2024 to 2026, with year-on-year rise of 42.41%, 35.8%, and 32.13% respectively. Profit forecasts are 0.887 billion, 1.181 billion, and 1.543 billion RMB, with year-on-year growth of 33.98%, 33.21%, and 30.61%.