Movement Alert|GIANT BIOGENE Rises 5.7% in Regular Trading, Multiple Brokerages Maintain Buy Ratings Post-Earnings Boosting Sentiment

Market Focus08-20

On August 20, GIANT BIOGENE rose 5.7% in regular trading, trading at HK$29.92/share, with turnover of HK$99.51 million. The rebound came after the stock fell nearly 6% the previous session following disappointing interim results.

On the news front, multiple institutions collectively expressed bullish views after the company reported H1 revenue of RMB 2.918 billion (down 6.3% YoY) and net profit of RMB 940 million (down 20.5% YoY) on August 18. Citi raised its target price to HK$38.4 and designated the stock as its top pick in the China cosmetics sector, citing high recovery visibility. Dongwu Securities and Guojin Securities both maintained buy ratings, arguing the darkest moment has passed, with medical aesthetics products entering commercialization and the 618 shopping festival demonstrating brand resilience. Management maintained full-year guidance of 10% revenue growth and flat net profit, implying significant acceleration in H2. Market sentiment recovered following the post-earnings oversold conditions.

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