Citi has initiated a 30-day positive catalyst watch on CHERVON, anticipating double-digit growth in revenue and core profit for the first half of 2026, along with optimistic management guidance for the second half of 2026. The firm raised its EPS forecasts for 2026-2028 by 5% to 14% due to expected easing of US tariff pressure. Consequently, Citi upgraded its target price from HKD 17.5 to HKD 24 and changed its rating from Sell to Buy after a significant decline in stock price.
