花旗：维持安井食品(02648)“买入”评级 目标价升至90港元

Core Viewpoint - Citigroup has raised the net profit forecast for Anjoy Foods (02648) for 2025 to 2027 by 1% to 14%, and increased the target price from HKD 75.7 to HKD 90, which corresponds to a projected price-to-earnings ratio of approximately 18 times for 2026, while maintaining a "Buy" rating [1] Group 1 - The improvement in Anjoy Foods' core business sales performance in the fourth quarter of last year is expected to be driven by new products and channel advantages [1] - The gross margin may be slightly pressured due to rising raw material prices [1] - The management is anticipated to announce a sales target for 2026 that will not be lower than double-digit growth compared to 2025 [1]