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We Like These Underlying Return On Capital Trends At Yue Yuen Industrial (Holdings) (HKG:551)
Tianfeng: Maintains YUE YUEN IND "Buy" rating, optimistic trend for orders in 2025.
Tianfeng Securities released a research report stating that based on the steady growth of YUE YUEN IND (00551), strong performance is expected in 2025, maintaining a "Buy" rating for the company. As Orders further normalize, the demand for high-quality suppliers in the company's Global footwear industry is expected to remain robust. Therefore, the bank maintains its profit forecast, expecting the company's income to be 8.18 billion USD, 9.11 billion USD, and 10.33 billion USD for 2024-2026 respectively; net profit attributable to parent company to be 0.43 billion USD, 0.5 billion USD, and 0.58 billion USD respectively; corresponding EPS to be 0.27 USD/share, 0.31 USD/share, and 0.30 USD/share.
The shares of sporting goods companies rose broadly, with LI NING (02331) increasing by 4.29%. Institutions are bullish on the expansion and development of the domestic sportswear market.
Jingwu Financial News | Sporting Goods stocks rose broadly, with LI NING (02331) up 4.29%, ANTA SPORTS (02020) up 3.87%, XTEP INT'L (01368) up 2.23%, YUE YUEN IND (00551) up 2.13%, and CHINA DONGXIANG (03818) up 1.32%. In terms of news, Huaxin Securities stated that policies promote the construction of high-quality outdoor sports destinations, which is expected to create new growth in demand for sports apparel and equipment. The National Development and Reform Commission and the General Administration of Sport released the "Guiding Opinions on Building High-Quality Outdoor Sports Destinations," which clearly states that by 2030, nationwide construction...
CITIC Lyon: Maintains YUE YUEN IND "Outperform Market" rating with a Target Price of 22 HKD.
CITIC Securities published a research report stating that YUE YUEN IND (00551) is expected to see a year-on-year increase of 55%-60% in net profit attributable to Shareholders for 2024, with the upper limit exceeding the firm's expectations. Regarding the tax dispute involving the group's Indonesian subsidiary, if the relevant dispute is confirmed as additional income tax expense, it will negatively impact its net profit by 5%-10%. Moreover, the tax dispute may have a one-time negative impact on its stock price. The target price for the next 12 months is set at HKD 22, maintaining an "outperform" rating. The firm expressed that it remains optimistic about the positive capacity expansion plan and the improvement in momentum from several core customer Orders, along with the company's footwear manufacturing Business.
CITIC Lyon: Maintains YUE YUEN IND (00551) "Outperform the Market" rating with a Target Price of 22 Hong Kong dollars.
Yuyuan announced a year-on-year revenue growth of 1.1% for its MFG and Retail Trade businesses in January 2025, and a growth of 24.2%.
[Brokerage Focus] Huaxi maintains a "Buy" rating on YUE YUEN IND (00551). The company expects a net profit growth of up to 60% in 2024.
Golden Go Finance | Huaxi has released a research report indicating that YUE YUEN IND (00551) has issued a profit warning for 2024, expecting a year-on-year increase of 55%-60% in net profit attributable to the parent company, which is estimated to be between 0.43 and 0.44 billion USD. The performance is below market expectations, mainly due to rising costs and exchange rate impacts. The report states that as a global leader in athletic shoe manufacturing, the company holds a competitive advantage in the market share of global top athletic brands and can effectively control both upstream and downstream segments of the Industry Chain through vertical integration, ensuring high quality control and fast delivery. In the short term, although the inventory replenishment for 2024 has already passed, the company ...
Is Yue Yuen Industrial (Holdings) Limited (HKG:551) Potentially Undervalued?
