Jinwu Financial News | CRYSTAL INTL (02232) stock price remained high in the afternoon, as of the time of publishing, up 6.18%, at 4.47 HKD, with a transaction amount of 14.451 million HKD.
GF SEC research pointed out that CRYSTAL INTL is a Global apparel giant, laying out five core categories, with nearly fifty years of Industry experience. The firm noted that the company's moat is wide: (1) The company has high-quality customer resources that are deeply bound, with major customers experiencing strong growth, a healthy inventory-to-sales ratio has been restored, along with a trend of supplier concentration that supports company growth. (2) Layout of multiple overseas production capacities enjoys multiple favorable conditions. (3) The company has excellent design and research capabilities, closely collaborating with clients through a co-creation model to jointly design and research products with high technical barriers, establishing exclusive cooperation relations, enhancing cooperation stickiness and product added value. (4) Multi-category operations have led to significant results in cross-selling. The firm expects the company's EPS for 2024-2026 to be 0.07/0.08/0.09 USD/share respectively. Based on comparable company valuations, a 9 times PE for 2025 is given, corresponding to a reasonable value of 0.74 USD/share, which translates to 5.77 HKD according to the Exchange Rates on 2024.12.15, initiating coverage with a 'Buy' rating.
