In "Major Banks," CICC raises the target price of Shengkang Holdings to 10 yuan and maintains the "Outperform Industry" rating

According to a research report by China International Capital Corporation (CICC), China Everbright Holdings (00165.HK) achieved a net profit attributable to shareholders of RMB 399 million in the first half of the year, compared to a loss of RMB 1.28 billion in the same period last year, marking a turnaround to profitability; earnings per share were RMB 0.24, which was generally in line with the bank's expectations.

Benefiting from the market upturn that drove investment income growth, but facing pressure on costs from a higher tax rate, the bank maintained its earnings forecast for 2025 largely unchanged and introduced a 2026 earnings forecast of RMB 2.49 billion. Considering the positive market sentiment and the steady recovery of the company's business, it maintained an "outperform industry" rating, raising the target price from RMB 4.7 to RMB 10