Nomura Securities Sets 116 Yuan Target Price for Changhsin Technology on July 27

According to BlockBeats, on July 27, Nomura Securities initiated coverage of Changhsin Technology (CXMT) with a target price of 116 yuan, implying a 20x price-to-earnings valuation. The valuation corresponds to a market cap of approximately 7.76 trillion yuan and represents a 13.4x increase from the company's initial public offering price.
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