wincryptobyplayinggames| Huilang Technology rose nearly 17% in the afternoon, Essence International maintains a "buy" rating

Huilang Technology (01860) shares rose 16% in the afternoonwincryptobyplayinggames.78%wincryptobyplayinggames, currently quoted at HK$3.41, with a turnover of HK$26.8672 million.

According to an analysis report recently released by Essence International, Huilang Technology announced its 2024Q1 results, recording revenue of US$301 million in a single quarter, a year-on-year increase of 23.3%, and net profit of US$7.154 million, a year-on-year increase of 1.2 times. Both revenue and profit reached new highs. Taken together, we forecast that the 2024/2025/2026 EPS will be US$0.02/0.04/0.05, giving 2024 PS1x with a target price of HK$6.2, maintaining a "Buy" rating.

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