Core Viewpoint - The report from Credit Lyonnais indicates that Ruipulan Jun (00666) is expected to benefit from the recovery in ESS battery demand, leading to an upward revision of the company's profit forecasts for the coming years [1] Financial Projections - The net profit forecast for Ruipulan Jun for this year has been raised to 102 million RMB [1] - The net profit projections for 2026 and 2027 have been adjusted to 724 million RMB and 1.3 billion RMB, respectively [1] Rating and Valuation - Credit Lyonnais maintains a "Outperform" rating for Ruipulan Jun [1] - The valuation method has been changed from discounted cash flow to a sum-of-the-parts approach, with the target price increased from 14 HKD to 19 HKD [1] - The new target price corresponds to an enterprise value to EBITDA ratio of approximately 12 times for the year 2027 [1]
里昂：升瑞浦兰钧(00666)目标价至19港元 维持“跑赢大市”评级