Core Viewpoint - Xirui (02507) has seen a significant stock price increase, reaching a high of 69.50 HKD, the highest since August of last year, with a current price of 68.60 HKD and a trading volume of 69.6553 million HKD [1][3] Group 1: Company Performance - Haitong International maintains an "Outperform" rating for Xirui (02507), citing improvements in product upgrades and profitability [1][3] - The company is projected to achieve revenues of 1.394 billion, 1.674 billion, and 1.951 billion USD for the years 2025-2027, an increase from previous estimates of 1.394 billion, 1.634 billion, and 1.904 billion USD [1][3] - Corresponding net profits are expected to be 159 million, 183 million, and 204 million USD for the same period, up from earlier projections of 141 million, 176 million, and 206 million USD [1][3] Group 2: Valuation and Target Price - Due to weak visibility of future orders and low DCF valuation matching, Haitong International has shifted to a PE multiple valuation method [1][3] - The target price for Xirui has been raised to 70.20 HKD based on an expected EPS of 18x PE for 2026 [1][3]
西锐午后涨超7% 海通国际维持其“优于大市”评级