BOSIDENG(3998.HK)：PRUDENT GUIDANCE BUT WE ARE STILL CONFIDENT
Ge Long Hui·2025-07-01 03:08
机构：招银国际 研究员：Walter WOO Because of the warm winter, investors are fully aware of a likely slowdown in 2H25; therefore, the FY25 results were rather inline. The FY26E guidance is conservative and might be slightly lower than expected; however, we are confident about the growth ahead, given numerous industry and company- specific catalysts. Hence we maintain BUY with TP of HK$ 5.55. And thanks to the 7% FY26E yield, the downside is also limited in our view. Conservative FY26E guidance was announced, but we bel ...