Bank of America Securities has issued a research report stating it expects MAO GEPING (HKEX: 01318) to achieve revenue growth of over 20% in the first half of 2026. The forecast anticipates some gross margin expansion due to a channel structure shift towards higher-margin online sales, which is projected to drive net profit growth exceeding 30%.
Management expects revenue growth to accelerate in the second half of the year to meet the full-year target of 30%. The firm has largely maintained its previous forecasts and set a target price of HK$95.
The "Buy" rating is reiterated based on confidence in the strong brand momentum of MAO GEPING, which has established a solid foundation. The company is well-positioned to gain market share during an industry recovery through category and channel expansion.
Its unique market positioning is seen as providing better resilience against competition. Combined with attractive valuations, these factors support the reaffirmed "Buy" recommendation.
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