Analyst & Firm	Company	Rating & Price Target	Upside / Downside	Average Return	Action	Date	Article
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$5.23	―	5.70%	Reiterated	2026-01-27
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$11.87	―	20.20%	Reiterated	2026-01-27
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$415	―	9.50%	Reiterated	2026-01-26
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$38	―	9.40%	Reiterated	2026-01-26
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	HOLD HK$530	―	6.20%	Reiterated	2026-01-26
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$2.62→HK$3.1	―	12.80%	Reiterated	2026-01-26
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$122	―	12.80%	Reiterated	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	HOLD HK$1.12	―	5.90%	Downgraded	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$325	―	41.10%	Reiterated	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	HOLD HK$112.8→HK$68.3	―	25.60%	Downgraded	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	HOLD HK$12.5→HK$8.2	―	9.20%	Reiterated	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$75→HK$90	―	28.90%	Reiterated	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	HOLD HK$10.2	―	30.20%	Reiterated	2026-01-23
Xin Chen UBS	2145 Shanghai Chicmax Cosmetics Co., Ltd. Class H	BUY HK$109.1	―	-7.70%	Reiterated	2026-01-23	UBS Reaffirms Their Buy Rating on Shanghai Chicmax Cosmetics Co., Ltd. Class H (2145)
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	HOLD HK$30	―	30.20%	Reiterated	2026-01-23
Ingrid Zhang UBS	1318 Mao Geping Cosmetics Co., Ltd. Class H	HOLD HK$100.6	―	4.40%	Reiterated	2026-01-23	UBS Remains a Hold on Mao Geping Cosmetics Co., Ltd. Class H (1318)
Charles Eden UBS	2698 Softcare Limited	BUY HK$41	―	-2.50%	Reiterated	2026-01-23	UBS Reaffirms Their Buy Rating on Softcare Limited (2698)
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$17.4	―	30.20%	Reiterated	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$21.3→HK$34	―	0.60%	Upgraded	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$11	―	29.90%	Reiterated	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$53.5→HK$47.5	―	12.60%	Reiterated	2026-01-23
xxxxxxxxxxxxxxxxxx	xxxxxxxxxxxxxxxxxxxxxxxxxxx	BUY HK$14	―	10.30%	Reiterated	2026-01-23

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