Apr. 5 at 7:39 AM
$BZUN $BABA $BIDU $JD $NIO
$BZUN has given very clear guidance for 2026 (doubling of 2025 operating profit to RMB400m,
$58M). With 58m shares this equates to 2026 eps of
$1.
$BZUN has also indicated that Q1 2026 has been excellent.
Our 12 month share price target for
$BZUN is
$10 (based on a PE of 10), which is +315% above current share price of
$2.4
$BZUN is targeting RMB550m+ operating profit by 2028 and we're forecasting the business will achieve RMB500m in 2027 and RMB600m in 2028.
We therefore see
$BZUN re-rating back to
$30 / share over the next three years based on the eps and PE trajectory below...
Have a great Easter!
.
