智通财经网·2026-01-19 01:52Group 1 - The core viewpoint of the report is that CICC maintains a target price of HKD 14 for Master Kong Holdings (00322), reflecting a market valuation increase with an upside potential of 17.4% based on projected P/E ratios of 15.1x and 14.2x for the next two years [1] - The company is expected to experience a revenue decline of 2% for the previous year, while net profit is projected to grow by 16.3%. Excluding one-time gains from asset disposals, net profit growth is estimated at 12.5% [1] - For the second half of the previous year, revenue is anticipated to decrease by 1.2%, with net profit growth of 12% [1] Group 2 - Due to intensified competition in the beverage sector, CICC has revised down its profit forecasts for the company for 2025 and 2026 by 0.6% and 5.6%, respectively, to RMB 4.34 billion and RMB 4.63 billion [1] - The report introduces a profit estimate of RMB 4.93 billion for 2027 [1]