Stella Holdings (01836) is still one of Morgan Stanley's preferred footwear OEMs.
According to the Futubull Financial APP, Morgan Stanley released a research report stating that Stella Holdings (01836) is still one of the bank's preferred footwear OEMs, benefiting from the recovery of luxury goods and fashion footwear demand, as well as the improvement in athletic footwear growth. The new cash reward plan may also boost the stock atmosphere. Morgan Stanley indicated that due to the favorable investment sentiment brought about by the cash reward plan, the clear outlook for orders in the second half of the year reduced concerns about macro uncertainties, and the good order visibility, the target price of Stella Holdings was raised from HKD 15.8 to HKD 16.2, which is equivalent to a PE ratio of 10 times, and the rating is "shareholding".
