A recent research note from CICC maintains an "Outperform" rating on Greentown Service (02869) with a target price of HK$6. The firm highlights that the company's three-year strategic goals are progressing smoothly, with profit growth outpacing its industry peers.
The first-half results came in broadly aligned with market expectations, according to the report. Revenue increased 6% year-on-year, while core operating profit rose 16% year-on-year. Net profit attributable to shareholders also grew by 15% compared to the same period last year, all of which were largely in line with forecasts.
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