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Investing.com - UBS raised its price target on Guangdong Haid Group (SZ:002311) to RMB84.50 from RMB65.30 on Thursday, while maintaining a Buy rating on the stock.
The investment firm cited the company’s overseas growth potential as a key factor in the decision, stating that the market is currently undervaluing this aspect of Guangdong Haid’s business.
UBS believes the company’s "product + service" model positions it well to expand in international markets, which it views as the core driver of long-term earnings growth.
The revised price target reflects UBS’s updated earnings per share (EPS) forecasts, which now account for stronger-than-expected overseas feed sales growth.
UBS projects a 19.4% EPS compound annual growth rate (CAGR) for 2025-27, supported by feed volume CAGRs of 28% in overseas markets and 12% in domestic markets.
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