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PhillipCapital's Lim maintains 'buy' call on Zixin Group but cuts target price to 5.5 cents

The Edge Singapore
The Edge Singapore  • 2 min read
PhillipCapital's Lim maintains 'buy' call on Zixin Group but cuts target price to 5.5 cents
Hainan will be Zixin's primary multi-year growth driver as capacity scales and downstream processing infrastructure are progressively deployed / Photo: Zixin Group
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Serena Lim of PhillipCapital has cut her target price for Zixin Group after the company reported 1HFY2026 earnings below expectations.

For the six months to Sept 30, revenue was up 40.8% y-o-y to RMB220.6 million, with growth across its various segments.

However, earnings was up by just 3.9% y-o-y as the company incurred higher income tax and R&D costs. At this halfway mark, the bottom line was just 29% of what she expected for FY2026.

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