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Zhongjin: Maintain the "Outperform" rating on Wanwu Cloud, with a target price of HK$30.58
On December 12, Jinshi Data released a research report stating that it maintains a ‘outperform’ rating on Wanwu Cloud (02602.HK), and is optimistic about the company’s multi-track, comprehensive competitive strength based on the long-term cycle of residential, commercial, technology, and urban scenarios. The target price is HKD 30.58. Profit forecast remains unchanged. The company’s stock is currently trading at a 9.6 times 2024 P/E ratio based on core net profit, and the estimated annual dividend yield is 8.0% based on a 55% dividend payout ratio in the second half of the year.