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Major bank rating | UBS Group: A slight improvement in the view of this year's CSI China Mainland Consumer Index, with a preference for POP MART and MINISO among others.
UBS Group issued a report indicating that, looking ahead this year, due to a slightly improved outlook on the CSI China Mainland Consumer Index, three investment themes were proposed, including category expansion, policy support, and inventory cycle. At the same time, the firm remains Bullish on the categories of IP retailers and overseas expansion opportunities, and is slightly Bullish on the Dining industry due to potential policy support. Due to the inventory clearance cycle, a relatively cautious attitude is maintained towards Sportswear Stocks. UBS Group stated a preference for POP MART, MINISO, HAIDILAO, Laopu Gold, BOSIDENG, YUM CHINA, and YUE YUEN IND, all rated as "Buy". The report mentioned that driven by IP innovation and potential categories and Global expansion, POP MART...
Citi has lowered the Target Price for YUE YUEN IND to HKD 16.8 and downgraded the rating to 'Neutral'.
Citi released a research report stating that it has lowered the Target Price for YUE YUEN IND (00551) from HKD 20.3 to HKD 16.8, a decrease of 17.2%, due to an ETR below 15%. The investment rating has been downgraded from 'Buy' to 'Neutral'. The company released its monthly sales data for December on January 10, showing a growth of 13.5%, which was below expectations. Due to lower operating leverage in the fourth quarter of 2024, which reduces operating momentum, the bank has also cut its forecasts for MFG department gross margin (GM) expansion. Therefore, it has revised down its earnings forecast for 2024-2026 by 5-6%.
Hong Kong stocks movement | YUE YUEN IND (00551) fell nearly 3% as Citigroup pointed out that the company's manufacturing Business revenue growth in December was below expectations.
YUE YUEN IND (00551) fell nearly 3%. As of the time of writing, it has dropped 2.76% to 15.48 Hong Kong dollars, with a transaction amount of 15.0742 million Hong Kong dollars.
Hong Kong stocks morning report on January 13: USA employment data exceeds expectations, China Concept Stocks generally decline.
① The number of non-farm jobs in the USA increased by 256,000 in December, higher than market expectations. ② The yield on 30-year US Treasury bonds rose to 5%, reaching the highest level since November 2023. ③ The three major US stock index fell last Friday, with China Concept Stocks experiencing widespread declines. ④ The 18th ASIA FINANCIAL Forum will be held in Hong Kong. ⑤ The International Monetary Fund warns that Trump's tariff policy exacerbates Global economic uncertainty.
YUE YUEN IND (00551.HK): For 2024, the consolidated cumulative operating net income is 8.182 billion USD, an increase of 3.7% year-on-year.
Gelonghui reported on January 10 that YUE YUEN IND (00551.HK) announced that in December 2024, the company's consolidated operating income net (equivalent to total sales minus sales discounts and returns) was approximately 0.684 billion USD, an increase of 6.9% year-on-year. The company's consolidated cumulative operating income net for the twelve months ending December 31, 2024, was approximately 8.182 billion USD, an increase of 3.7% year-on-year.
Express News | Yue Yuen Industrial (Holdings) Ltd - December Net Revenue $684.5 Mln
Is Yue Yuen Industrial (Holdings) Limited (HKG:551) Potentially Undervalued?
