The analyst rating for BLOKS (00325.HK) is maintained as a "Buy" due to several key reasons:
1. Confidence in Future Growth: The company has improved its expansion strategy and set an ambitious annual growth rate target of 30%, indicating a more visible growth plan.
2. Positive Outlook for Overseas Markets: The broker expects the overseas market to be the main growth driver for the company moving forward.
3. Product Launches: The anticipated successful launch of new products is expected to gradually boost investor confidence.
4. Valuation: The current valuation is considered undemanding, which supports the decision to maintain a positive rating despite recent challenges.
5. Alignment with Consensus: The reported net profit for 2025 is roughly in line with street consensus, suggesting stability in performance despite the negative impact of delayed product launches.
Overall, these factors contribute to a favorable outlook for BLOKS, justifying the Buy rating.
