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<Research>CICC Lifts WEIMOB INC (02013.HK) TP to $2.8, Benefiting from Gradual Improvement in WeChat E-commerce Ecosystem
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Weixin Shop launched a grayscale test on "Send Gifts" function last week, CICC released a research report saying. With the gradual increase of WeChat's e-commerce ecosystem activity, it is expected that WEIMOB INC (02013.HK), as the leading third-party service provider, will benefit from the test. With the gradual boom of WeChat's e-commerce ecosystem, CICC believed that WEIMOB INC can help existing merchants realize the opening up of both public and private domains, and expected the company to gain more considerable customer increments, meanwhile further opening up growth room through the value-added services related to the ecosystem. CICC maintained its FY2024/ FY2025 results forecasts for WEIMOB INC unchanged, while lifting its target price by 56% to $2.8, with rating kept at Outperform. AAStocks Financial News |
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