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Hong Kong Stock Concept Tracking | The Paris Olympics will open on July 26, and the footwear sector's downstream inventory will basically end (with concept stocks)
Based on the tracking of orders from manufacturing companies, there is no need to worry about the recovery trend of orders, especially the leader's logic of grabbing market share and expanding customer base is worth looking forward to.
Tianfeng Securities: Yue Yuen Ind (00551) continues to implement its long-term digital transformation strategy and maintains a "buy" rating.
Tianfeng Securities predicts that Yue Yuen Ind (00551) will have revenues of USD 8.645 billion, USD 9.645 billion, and USD 10.935 billion for FY24-26 respectively.
Yue Yuen Ind (00551.HK): Manufacturing continued to recover in June, looking forward to half-year profit performance.
The company has released its June operation data. The monthly revenue is $0.65 billion, which is -4.3% year-on-year; the cumulative revenue is $4 billion, which is -3.4% year-on-year. Among them, the monthly revenue of the manufacturing business increased by 2.9% year-on-year and the cumulative revenue increased by 2.4% year-on-year. The business is Baosheng.
Goldman Sachs downgrades target prices for Yue Yuen Ind and Pou Sheng Int'l, both given a 'buy' rating.
On July 19, Guosen updated its profit forecast for Yue Yuen Industrial and Pou Sheng International. It lowered Pou Sheng's revenue forecast for the second quarter by a year-on-year decrease of 10.5%, reflecting weak overall consumption and adverse weather factors. However, the gross margin expansion is still benefiting from disciplined discounts, but part of it is offset by leveraged operations and less favorable channel sales combinations. The bank expects Yue Yuen to achieve high unit sales growth forecasts for the full year, with equipment utilization and efficiency growth supporting profit margin expansion. The bank lowered its average net income forecast for Pou Sheng from this year to 2026 by 9% and for Yue Yuen by 1% during the same period, believing that the growth in OEM business offsets the weakness.
Goldman Sachs has lowered the target price for Yuexiu Property (00551.HK) and Baosheng (03813.HK), maintaining a "buy" rating.
Goldman Sachs has updated its profit forecast for Yue Yuen Industrial (00551.HK) and Pou Sheng International (03813.HK). The bank reduced Pou Sheng's second-quarter revenue forecast by a year-on-year decline of 10.5%, reflecting overall weak consumer demand and unfavorable weather factors. However, the gross margin expansion still benefits from disciplined discounts, but it is offset by deleveraging of some operations and less favorable channel sales combinations. The bank expects Yue Yuen to be on track for high single-digit growth in annual sales, with equipment utilization and efficiency growth supporting margin expansion. The bank lowered its average net profit forecast for Pou Sheng from this year to 2026 by 9% and lowered its profit forecast for Yue Yuen in the same period by 1%, believing that...
Hong Kong stocks surge, Yue Yuen Industrial (00551) rebounds nearly 4%. The company's manufacturing orders are expected to be repaired, and there is a clear trend of valuation discount repair.
Yue Yuen Ind (00551) rebounds and rises nearly 4%. As of press time, it has risen 3.90% to HKD 12.78, with a turnover of 14.5492 million HKD.
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