Mar. 26 at 7:53 AM
$BABA $BIDU $JD $NIO $BZUN
After excellent results yesterday and forecast of 100% profit growth in 2026, one of our five favourite Chinese companies,
$BZUN, has started to re-rate from
$2.2 to our share price target of
$10 (based on 2026 eps of
$1 and PE of 10)
Our three year share price target for
$BZUN is
$30 (based on eps of
$2 and PE of 15)
.
