Core Viewpoint - Haitong International has initiated coverage on Geek+ (02590) with an "Outperform" rating, projecting significant growth in net profit and revenue from 2025 to 2027 [1] Financial Projections - The projected net profits for Geek+ from 2025 to 2027 are expected to be 137 million, 332 million, and 606 million RMB respectively [1] - The anticipated revenues for the same period are forecasted to be 3.13 billion, 4.03 billion, and 5.12 billion RMB respectively [1] Valuation and Market Position - Haitong International highlights the company's clear business structure and significant technological advantages [1] - The company is assigned a 10x price-to-sales ratio for 2026, leading to a reasonable market capitalization estimate of 40.3 billion RMB [1] - The target price for the company's stock is set at 32.76 HKD [1]
海通国际：首覆盖极智嘉-W(02590)予“优于大市”评级 全球业务高速发展