Sealand Securities Co.Ltd(000750) 04 released a research report on June 30, which said that it gave a buy rating to Biyi shares (603215.sh, latest price: 17.11 yuan). The reasons for rating mainly include: 1) riding the east wind of the air fryer industry, the revenue has achieved rapid growth; 2) The gross profit margin is under pressure in the short term and the cost side is well controlled; 3) Actively expand emerging channels and explore the construction of independent brands; 4) The air fryer industry is booming, the cost side is well controlled, and new channels help start the construction of independent brands. Risk tips: price fluctuation of main raw materials, exchange rate fluctuation, intensified market competition, less than expected development of new channels, repeated covid-19 epidemic, etc.
AI comments: Biyi shares has received the attention of two research reports of securities companies in recent one month, and bought two. The average target price is 23.68 yuan, which is 6.57 yuan higher than the latest price of 17.11 yuan, and the average target price increases by 38.4%.
