Group 1 - The core viewpoint of the article is that Bank of America Securities has raised the target price for Conch Venture (00586) to HKD 12, maintaining a "Buy" rating [1] - Conch Venture's net profit for the first half of the year increased by 9% year-on-year to RMB 1.29 billion, benefiting from significant profit contributions from its associate company, Conch Cement [1] - Excluding this contribution, the core net profit for the first half was RMB 446 million, representing a year-on-year decrease of 6% [1] Group 2 - The company declared its first interim dividend of HKD 0.1 per share, resulting in a payout ratio of only 12% [1] - The firm anticipates that the company's revenue yield will reach 5.1% this year, with an upward adjustment to 6.5% to 8.4% for 2026 to 2027 [1] - The target price adjustment from HKD 10.1 to HKD 12 reflects a positive outlook on the company's performance [1]
美银证券：升海螺创业(00586)目标价至12港元 评级“买入”