UBS: Maintaining CITIC Construction Investment's (06066) “Buy” Rating and Raising the Target Price to HK$16.9

The Zhitong Finance App learned that UBS released a research report saying that CITIC Construction Investment (06066)'s net profit for the first half of the year increased 58% year on year, in line with the earlier profit announcement. Among them, net profit for the second quarter increased 64% year on year, 50% faster than the increase in the first quarter. In response to the increase in interim results, market turnover and securities financing balance forecasts, UBS raised CITIC Construction Investment's profit forecast for 2025 to 27 by 4% to 6%. Currently, the average daily market turnover from 2025 to 2027 is expected to reach 1.6 trillion yuan, 1.6 trillion yuan, and 1.7 trillion yuan. The balance of financing and securities lending is expected to reach 2.4 trillion yuan, 2.6 trillion yuan and 2.7 trillion yuan. It is expected that the market conditions will continue to improve in the second half of the year, the potential favorable regulatory environment and strong capital inflows will drive overall profit improvement. UBS maintains a “buy” rating, and the target price of H shares will rise from HK$13.8 to HK$16.9.