Nomura's securities gave Changsung technology a target price of 116 yuan, corresponding to a market value of 776 trillion yuan yuan

ON 27 JULY, NOMURA SECURITIES INITIATED COVERAGE OF CHANGSUNG TECH (CXMT) AT A TARGET PRICE OF RMB 116, EQUIVALENT TO 20 TIMES THE MARKET RATE, WHICH IS DOUBLE THE ESTIMATE OF BEAUTY LIGHT. THIS REPRESENTS A 13.4-FOLD INCREASE IN PRICES FROM IPOS, WITH A MARKET VALUE OF ABOUT RMB 7.76 TRILLION。