Bank of America Securities: Reiterates Mao Geping's (01318) “Buy” Rating Target Price of HK$95

The Zhitong Finance App learned that Bank of America Securities released a research report saying that Mao Geping (01318)'s revenue is expected to increase by more than 20% in the first half of 2026. It is expected that due to the online shift in channel structure to high gross margins, it will lead to a certain increase in gross margin, which will drive a net profit increase of more than 30%. Management expects revenue growth to accelerate in the second half of the year to reach the target of 30% for the whole year. The bank generally maintains the original forecast, with a target price of HK$95. Since it is optimistic that Mao Geping's brand momentum is strong, it has laid a solid foundation and is expected to increase its share through category and channel expansion in the industry's recovery; its unique positioning makes it better resistant to competition, plus attractive valuations, and reaffirms the “buy” rating.