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Changes in Hong Kong stocks | Minhua Holdings (01999) rose 5%, institutions said the company's post-pandemic recovery was more flexible, raising ratings and target prices
The Zhitong Finance App learned that Minhua Holdings (01999) was once again active, rising about 5% in early trading. According to Bank of America, the industry will be revalued, and leading companies are expected to receive valuation premiums. The rating of Minhua Holdings was upgraded from “outperforming the market” to “neutral”, and the target price was raised to HK$9.8. Dongwu believes that the company's revenue in Tier 1 and 2 cities is relatively high, and post-epidemic recovery is more flexible. As of press release, Minhua Holdings rose 4.97% to HK$909, with a turnover of HK$46 million. This week, Bank of America released an updated report saying that the soft decoration industry will be re-valued this year, and at the same time, potential inventory removal inflection points in Europe and the US may also be driven by
Bank of America Securities: Upgraded the rating of Minhua Holdings to a neutral target price of HK$9.8
Changes in Hong Kong stocks | Minhua Holdings once again surged more than 11% and doubled its share price for 6 consecutive weeks
Glonhui, December 9丨Minhua Holdings (1999.HK) once again rose more than 11%, recording a six-week increase, and the cumulative increase doubled. It is now reported that HK$8.47 hits an 8-month high, with a total market capitalization of HK$33.1 billion. With the benefits of the optimization and adjustment of epidemic prevention and control and marginal easing of real estate policies, industrial chain stocks such as home furnishing have been active recently. China Post Securities pointed out that the company, as a leader in the functional sofa industry, is expected to regain strong development momentum in the future as the domestic consumption environment gradually picks up.
Changes in Hong Kong stocks | Minhua Holdings (01999) rose more than 8% in the morning and rose more than 62% in January. Institutions are optimistic about the long-term steady development of the company
The Zhitong Finance App learned that Minhua Holdings (01999) rose more than 8% in the morning, with a cumulative increase of more than 62% in the past January. As of press release, it was up 8.4% to HK$8.26, and the turnover was HK$5235,500. Tianfeng Securities said that the company is a domestic functional sofa leader, and the ability of leading enterprises to withstand risks is prominent, and they are optimistic about the company's long-term steady development. Cinda Securities pointed out that the company has the advantage of large single products, shares the long-term dividends of the increased penetration rate of functional sofas in China, and is expanding and developing steadily in various categories in an orderly manner. The global layout of online and offline focuses on improving channel quality and efficiency. In the future, as the domestic consumption environment gradually picks up, domestic sales
Man Wah: interim report 2022 Universe 2023
Changes in Hong Kong stocks | Man Wah rose 10% in intraday trading and returned to HK $30 billion.
Man Wah (1999.HK) rose more than 10% in intraday trading and is now trading at HK $7.65, a five-month high, and the total market capitalization is back above HK $30 billion. Tianfeng Securities maintains Man Wah's "buy" rating, as a domestic functional sofa leader, anti-risk ability is prominent, optimistic about its long-term and steady development. On November 29th, southward funds increased their holdings of 4.7312 million shares of Man Wah, recording an increase for the seventh consecutive day.
Changes in Hong Kong stocks | Minhua Holdings (01999.HK) rose 9%, institutions say furniture stocks ushered in an expected inflection point, and the company's domestic sales are expected to resume strong growth
Minhua Holdings (01999.HK) continued to rebound, rising more than 9% at the beginning of the session. The agency commented that in the process of implementing the effects of the real estate stabilization policy, furniture companies will reach the expected inflection point. However, with the gradual recovery of the domestic consumption environment, Minhua Holdings' domestic sales are expected to regain strong impetus for development. As of press release, Minhua Holdings rose 9.42% to HK$778, with a turnover of HK$54 million.
Tianfeng Securities: Maintaining Minhua Holdings' (01999) “Buy” Rating FY23H1 Performance Exceeds Expectations
The Zhitong Finance App learned that Tianfeng Securities released a research report stating that it maintains the “buy” rating of Minhua Holdings (01999). As a domestic functional sofa leader, its resilience to risk is outstanding, and it is optimistic about its long-term steady development. However, considering the impact of the epidemic and adjusting profit forecasts, the net profit returned to the mother in 2022/23 is expected to be HK$2,48/2.81 billion, +10.2%/13.5% year on year. The company's FY23H1 revenue came under slight pressure, profitability improved markedly, and performance exceeded expectations. According to the report, the company's sales volume in the Chinese market reached HK$5.7 billion, which was greatly affected by the epidemic, etc., and its online business performance
Changes in Hong Kong stocks | Man Wah rose 4.7% and was favored by many institutions.
On November 24th, Man Wah (1999.HK) left high and now stands at HK $6.70, an increase of 4.7%, with a total market capitalization of HK $26.25 billion. China Post Securities pointed out that in the medium and long term, the software home industry still maintains good growth, and the company continues to seize market share through domestic and foreign two-wheel drive, continuous enrichment of product categories, domestic and foreign production capacity layout and release. It is estimated that the FY2023-FY2025 homing net profit of the company will be HK $25.28, 29.13 / 3.327 billion, respectively, which is + 12.5%, 15.3%, 14.2%, respectively, for the first time. "
Man Wah (1999.HK) coverage report for the first time: FY23H1 profit eye-catching function sofa faucet runs steadily to make it far away
Global functional sofa leader, the profit performance in the first half of fiscal year 2023 exceeded expectations. The sales volume of the company's functional sofa ranks first in the world, and its business model has successfully changed from early export OEM to domestic independent brand sales. the domestic sales of brand products have reached more than 60%. It has 11 series of "Chihuashi", "first class" and "Nicoletti NICOLETTIHOME", which is well-known in China. The company's long-term operating performance is sound. In the fiscal year 2016-2022, the company's operating income and return net profit CAGR were 19.6% and 9.2% respectively.
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