No Data
Tianfeng: Maintains YUE YUEN IND ‘Buy’ rating with positive growth continuing in manufacturing in November.
Tianfeng released a research report stating that it maintains a "Buy" rating for YUE YUEN IND (00551), expecting the company's revenue for FY24-26 to be $8.65/9.65/10.94 billion, respectively; net profit attributable to parent company is expected to be $0.46/0.54/0.62 billion, respectively; and corresponding EPS is expected to be $0.28/0.33/0.38 per share, respectively. The company's revenue in November 2024 was $0.68 billion, a year-on-year increase of 7.5%, with cumulative revenue of $7.5 billion, a year-on-year increase of 3.4%. The main points from Tianfeng are as follows: The company released November data indicating that revenue from its manufacturing business in 2024 saw a year-on-year growth.
【Brokerage Focus】Tianfeng maintains a "Buy" rating for YUE YUEN IND (00551), noting that the Matthew effect in the Industry is beneficial for enhancing the market share of leading supply chains.
Jingwu Financial News | Tianfeng issued a Research Report indicating that YUE YUEN IND (00551) is seeing a year-on-year growth of 17% in manufacturing Business revenue per month for 2024, with a cumulative year-on-year increase of 10.9%; Baosheng's monthly revenue decreased by 12% year-on-year, with a cumulative year-on-year decrease of 8.4%; the overall monthly revenue of listed companies in November 2024 is 0.68 billion USD, up 7.5% year-on-year, with a cumulative revenue of 7.5 billion USD, up 3.4% year-on-year. The firm believes that the core logic of weaving is to capture relative certainty amid uncertainty, and remains Bullish on the market performance in 2025; a multi-client layout can hedge against end retail and cyclical risks, while the Mathew effect in the Industry favors leading supply chains.
Citibank gives YUE YUEN IND a "Buy" rating with a Target Price of HKD 20.3.
Citibank released a research report stating that YUE YUEN IND (00551) has seen a 10.9% increase in Revenue for its footwear manufacturing Business (MFG) year-to-date, and the situation in the first 11 months of this year aligns with the bank's expectations. Since the end of September, due to revenue growth and gross margin expansion for the fourth quarter of 2024, the MFG Sector has performed strongly, with stock prices rising over 25%, assigning a Target Price of HKD 20.3 and a 'Buy' rating.
Citibank: Gives YUE YUEN IND (00551) a "Buy" rating with a Target Price of 20.3 Hong Kong dollars.
YUE YUEN IND (00551) has reported a 10.9% increase in revenue from its footwear manufacturing Business (MFG) year-to-date, with the situation in the first 11 months of this year meeting expectations.
In the first 11 months, Yue Yuen Ind (00551) had a cumulative operating profit of approximately 7.5 billion USD, a year-on-year increase of 3.4%.
Yue yuen ind (00551) announced that the company's consolidated operating income for November 2024 is approximately 0.681 billion...
Express News | Yue Yuen Industrial (Holdings) - November Net Consolidated Operating Revenue $681.5 Mln
Is Yue Yuen Industrial (Holdings) Limited (HKG:551) Potentially Undervalued?
Unlock the Full List
