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Brokerage Focus: China Merchants Securities maintains its 'strongly recommended' rating for Quanfeng Holdings (02285), expecting that the digestion of high stock price inventory will continue to improve the company's gross margin.
China Merchants' research report states that it is estimated that Quanfeng Holdings (02285) will achieve a nearly 15% increase in revenue in the first half of the year, and strive to achieve a target of 20% for the whole year. Considering the possibility of Trump's tariff increase due to the U.S. election, the company will start stocking up early in the second half of the year, and the growth rate is expected to accelerate on a month-on-month basis. In the medium term, the company is expected to cover about 50% of export orders by the end of 2025 through self-built and leased factories in Vietnam. The current tariff rate on existing products is mainly 7.5%, and the 25% tariff rate on snow blowers has little impact on the main business. The EGO brand's influence and product innovation lead to the ability to transfer. The company achieved a performance of 60 in the first half of the year.
Hong Kong stocks surging: Quanfeng Holdings (02285) rose nearly 6%, and the net profit for the first half of the year is expected to increase by more than 20%. The channel inventory has reached a relatively low level.
Quanfeng Holdings (02285) rose nearly 6%. As of the time of publication, it has risen by 5.9%, with a price of HKD 19.4 and a turnover of 10.0085 million Hong Kong dollars.
CICC: maintain the rating of Outperform on Quanfeng Holdings (02285) in the industry, with a target price of HK$25.
Quanfeng Holdings (02285) is expected to have a net income between $60 million and $65 million in the first half of 2024, exceeding the expectations of CITIC Securities and the market.
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With net profit increasing by 30%, will Quanfeng Holdings (02285), whose performance and stock price have been continuously declining, welcome a turning point?
With the disclosure of this performance profit, Quanfeng Holding's stock price finally seems to show signs of rising.
Caitong Securities: Quanfeng Holdings (02285) is expected to have a net income of 60-65 million US dollars in the first half of 2024, and the rating remains as "shareholding".
Caitong Securities expects Quanfeng Holdings (02285) to achieve a net income attributable to shareholders of 0.09/0.13/0.15 billion USD from 2024 to 2026.
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