
CICC Trims ALI HEALTH TP to HKD6.5, Maintains Outperform Rating

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CICC has reduced ALI HEALTH's target price to HKD6.5 while maintaining an Outperform rating. The company reported FY2026 revenue of RMB34.26 billion, a 12% YoY increase, and a non-GAAP net profit of RMB2.33 billion, up 19.3% YoY, but below expectations due to higher investment expenses. CICC also lowered its FY2027 non-GAAP net profit forecast by 15% and introduced a FY2028 forecast of RMB2.57 billion.
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