Precision Tsuagmi (Cihna) (PTC) released its F2Y1 results with revenue / NP growth of 60.4% / 151.5% YoY. DPS was HKD 0.25 per share. Revenue growth was supported by sales volume increase and GPM improved by 4.4 ppt. Order backlog increased to > Rmb1mn. Target price raised to HKD 15.20. We maintain Buy.
