03899 Should I Buy

The analyst rating for CIMC ENRIC (03899.HK) is Overweight, as indicated by JPMorgan's research report. The reason for this rating is the announcement of the company's first overseas coke oven gas project in Indonesia, which is estimated to potentially contribute around RMB70 million in profit (approximately 6% of the forecasted net profit for FY25) if the project reaches maximum capacity. Additionally, JPMorgan has set a target price of HKD12 for the stock.