UBS maintains a Buy rating for KLN despite lowering its EPS forecasts for 2026 to 2027 by 7% and reducing its target price from HKD10.4 to HKD9.5. The company recorded a 3% growth in core net profit last year, driven by front-loaded exports, and management plans to expand its business scale and pursue acquisitions, particularly in Europe and Latin America, aiming to double its scale within two years.
