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2025-09-17 13:18:12
CICC Raises Shangmei Shares' Target Price to HK$111, Maintains "Outperform" Rating] CICC issued a report raising Shangmei Shares' target price by 5% to HK$111, maintaining its "Outperform" rating. The bank believes the growth of new brands will boost its medium- to long-term potential. The bank notes that the company's core brand, Hansu, has been successfully expanding its product categories and broadening its reach. Since mid-year, several smaller brands have seen rapid growth, gradually realizing the logic of a multi-brand group. In the long term, its talent and organizational structure provide the foundational support for building a platform-based cosmetics group.
