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<Research>Citi Cuts YIXIN (02858.HK) TP to $3.2, Keeps Buy Rating
Recommend 3 Positive 2 Negative 3 |
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YIXIN (02858.HK)'s 2025 results were slightly better than expected, with a dividend payout ratio of 70%, implying a dividend yield of 5.7%, showcasing solid execution capabilities, Citi Research issued a research report saying. The broker believed that the decline in the Company's share price post-results may reflect that the RMB1.7 billion profit guidance for FY2026 was broadly in line with market consensus, but may be lower than some buyers' anticipation. Citi Research lowered its 2026/ 2027 revenue forecasts for YIXIN by 5% each to RMB12.5 billion/ RMB13.9 billion, and adjusted net profit forecasts by 5%/ 6% to RMB1.7 billion/ RMB1.8 billion, respectively. Based on an unchanged forecast of 12x adjusted net EPS for this year, the broker cut its target price accordingly from $3.5 to $3.2, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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