Citic Securities Reaffirms Their Buy Rating on DPC Dash Limited (1405)

Citic Securities reaffirmed a Buy rating on DPC Dash Limited (1405) in a report released September 3, keeping its price target at HK$56.00. The stock closed yesterday at HK$30.70. On “The Street,” the general analyst view remains Strong Buy, with a consensus price target of HK$59.30, implying 93.16% upside from current levels. In a separate report dated August 27, Jefferies also maintained a Buy rating, raising its target to HK$82.00. For the quarter ended June 30, DPC Dash Limited reported quarterly revenue of HK$3.09 billion and net profit of HK$79.93 million. In the prior year quarter, revenue was HK$2.59 billion and net profit was HK$65.92 million.