CMB International Securities analyst Wayne Fung maintained a Buy rating on Chuangxin Industries Holdings Limited today and set a price target of HK$32.00.
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Wayne Fung has given his Buy rating due to a combination of factors, including strong earnings growth and an attractive shareholder return profile. Chuangxin’s 2025 net profit rose more than 30% year on year and beat his forecast, while the proposed dividend implies a payout ratio above expectations, signaling confidence in cash generation and balance sheet strength.
He also highlights structural growth and cost advantages that underpin future profitability. The Saudi capacity expansion and continued cost reductions in China support a favorable medium-term outlook, and the stock’s valuation at around 13x 2026E P/E remains compelling despite some concerns over the coal mining acquisition, which he views as manageable in scale relative to the core aluminium business.