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Guosen: Maintain "outperform the market" rating for the textile Outfits Industry. Focus on new highlights of brands and opportunities for undervalued Hong Kong stocks.
Guosen recommends focusing on companies that have the ability to increase their market share and maintain strong medium to long-term growth.
TEXHONG INTL GP (02678.HK) expects its annual net profit to reach 0.58 billion yuan, achieving a turnaround year-on-year.
On January 24, Glorious Exchange reported that TEXHONG INTL GP (02678.HK) announced that for the year ending December 31, 2024, it expects to record a net profit of approximately RMB 0.58 billion, whereas the group recorded a net loss of approximately RMB 0.299 billion for the year ending December 31, 2023. The group expects to record a net profit mainly due to a recovery in market demand in the textile Industry during the year, with both sales volume and capacity utilization rate improving compared to the year ending December 31, 2023, resulting in the gross margin for the products gradually returning to normal levels during that year. In addition, thanks to the group's accumulation...
Express News | Texhong International Group FY Net Income RMB 580 Million
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