No Data
No Data
[Brokerage Focus] Tianfeng maintains a buy rating on Yue Yuen Ind (00551), bullish on manufacturing business OPM performance.
Jingu Finance News | Tianfeng Securities issued a research report stating that Yue Yuen Ind (00551) achieved September revenue of 0.66 billion US dollars, an increase of 9.7% year-on-year, with year-to-date revenue of 6.1 billion US dollars, an increase of 1.5% year-on-year. The bank pointed out that the monthly data showing strength released positive operational signals, with the bank expecting order performance to be positive, while optimistic about the situation in the fourth quarter of 2024; after the epidemic and brand destocking cycle in the past few years, the top footwear supply chain gradually regains its growth momentum; with revenue growth, the scale effect of manufacturing industry is expected to be gradually released, bullish about manufacturing business OPM performance; expected to drive the company's overall revenue performance upwards. The bank believes that Adidas is reversing its trend.
Tianfeng Securities: Maintains a "buy" rating on Yue Yuen Ind (00551), stating that it may benefit from Adidas' guidance adjustment.
In 2024, from January to September, Yuyuan Manufacturing business revenue year-on-year growth rates were 13%, -12%, 0%, 3%, +8%, +3%, +22%, +21%, 27%; significant acceleration since Q3 2024, monthly growth rates in July, August, and September have accelerated month-on-month.
HK stock abnormal movement | Yue Yuen Ind (00551) rose more than 4%, with a 9.7% increase in September comprehensive operating income net amount compared to the same period last year. Institutions believe that it has a large profit repair space.
yue yuen ind (00551) rose more than 4%, as of the deadline, it rose by 4.5%, closing at 15.34 Hong Kong dollars, with a turnover of 18.4849 million Hong Kong dollars.
Yue Yuen Ind (00551.HK) plans to hold a board of directors meeting on November 11 to approve quarterly performance.
Glengarry on October 14th, yue yuen ind (00551.HK) announced that the company will hold a board of directors meeting on November 11, 2024 (Monday), with the purpose of approving the publication of the unaudited comprehensive performance announcement of the company and its subsidiaries for the nine months ending September 30, 2024.
YUE YUEN IND: DATE OF BOARD MEETING
Yue Yuen Industrial (Holdings) (HKG:551) Has A Rock Solid Balance Sheet
No Data
No Data