CCB International: Lowered Man Wah Holdings target price to HK $6.5, overseas profit growth shows resilience

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CCB International: Lowered Man Wah Holdings target price to HK $6.5, overseas profit growth shows resilience

每日经济新闻2024-11-25

According to AI News, CCB International published a research report stating that Man Wah Holdings' profit in the first half of fiscal year 2025 ending the end of September was roughly flat, mainly due to overseas growth and profit margin expansion. The bank expects that Man Wah's sales in mainland China will gradually stabilize in the second half of fiscal year 2025 and fiscal year 2026 as extensive stimulus measures in mainland China take effect. In addition, CCB International lowered Man Wah's net profit forecast for fiscal year 2025 to 2026 by 12% to 14%. However, the bank also believes that Man Wah has once again demonstrated its business resilience in the challenging first half of the fiscal year and seized overseas opportunities to achieve high profit margins and stable profits. It is expected that...

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