Core Viewpoint - China Everbright Holdings reported a net profit attributable to shareholders of HKD 399 million for the first half of the year, a significant turnaround from a loss of HKD 1.28 billion in the same period last year, achieving profitability [1] Financial Performance - The earnings per share (EPS) stood at HKD 0.24, which is in line with expectations [1] - The increase in investment income was driven by favorable market conditions, although high tax rates exerted pressure on costs [1] Future Outlook - The profit forecast for 2025 remains largely unchanged, while a new profit forecast for 2026 has been introduced at HKD 2.49 billion [1] - Given the positive market sentiment and steady recovery of the company's business, the rating is maintained at "outperform" relative to the industry [1] - The target price has been raised from HKD 4.7 to HKD 10 [1]
研报掘金｜中金：上调中国光大控股目标价至10港元 维持“跑赢行业”评级