Group 1 - The core viewpoint of the report is that Dahua Jixiang has raised its revenue forecasts for Kintor Holdings (01888) by 19% and 30% for the next two years, and profit forecasts by 20% and 32% respectively, with projected revenue and profit of 30.1 billion and 4.2 billion by 2028 [1] - Kintor Holdings reported a net profit increase of 84% year-on-year to 2.442 billion, driven by improved gross margins and investment income [1] - The company plans to expand its production capacity of specialty glass fiber cloth to 2,000 tons by mid-year, with an additional increase of 4,000 tons expected by the end of this year or early 2027 [1] Group 2 - The forecast for revenue contribution from specialty glass fiber cloth is expected to reach 3% and 12% for this year and next year respectively [1] - The target price for Kintor Holdings has been raised to HKD 25.3, with the rating upgraded to "Buy" [1] - The core net profit, excluding investment income of 503 million, increased by 42% year-on-year to 2.082 billion, which was below the expectations of the firm [1]
大华继显：升建滔积层板(01888)评级至“买入” 目标价上调至25.3港元