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Dacheng: BofA Securities raised Minhua (01999.HK) target price to 7 yuan, improving prospects in the mainland market.
Bank of America Securities released a report stating that benefited from the improved csi china mainland consumer index sentiment and the recently announced furniture subsidy policy, domestic furniture sales significantly improved in October. The bank raised Minmetals Land's (01999.HK) earnings per share forecast for 2025 to 2026 by 4% to 9% to reflect the improved mainland market outlook and considering the improved sentiment in the property industry, raising the forecasted pe from 9 times to 12 times. In addition, Minmetals Land will disclose the performance for the first half of the 2025 fiscal year at the end of November, with the bank expecting weaker performance, but it is already anticipated by the market. The bank forecasts a 3% and 5% year-on-year decline in the company's revenue and profit forecast for the first half of the fiscal year.
Gtja: In the third quarter, the home industry as a whole faced pressure on performance, with soft product categories performing relatively well.
In the third quarter, the home industry is affected by the lower-than-expected recovery of downstream demand. The performance is under short-term pressure, but leading enterprises are expected to guarantee market share with a full range of products and a multi-brand matrix, and the performance is expected to grow steadily after the recovery of downstream.
man wah hldgs (01999.HK) plans to hold a board of directors meeting on November 22 to approve the semi-annual performance.
Man Wah Hldgs (01999.HK) announced that it will hold a board of directors meeting on November 22, 2024 (Friday) to consider and approve the unaudited financial performance of the company and its subsidiaries for the half-year ended September 30, 2024, as well as to consider declaring interim dividends (if any) and handling any other matters.
MAN WAH HLDGS: NOTICE OF BOARD MEETING
HSBC research: China's market focus may shift from policies to fundamentals, benefiting six industries.
HSBC Research report suggests that the market focus may shift from policy to fundamentals, and market momentum will return to stock selection. The bank details six industries benefitting from stimulus policies. HSBC Research elaborates on six industries benefiting from stimulus policies. From the consumer perspective: baijiu, household appliances, and furniture sub-industries will benefit from future consumption stimulus policies and consumer subsidies for trade-ins. Electronic consumer goods: the industry's supply chain is ready and can benefit from consumption stimulus policies. Industry: widespread equipment upgrades are expected to occur from the second half of this year to next year. Medical equipment: due to increased government public investment in hospital infrastructure to enhance social security
Hong Kong stock concept tracking: Multiple regions introduce new real estate policies, releasing bullish signals. The real estate market boost is positive for the home industry chain performance adjustment (with concept stocks).
Real estate sales picking up will be an important catalyst for the valuation rebound of the home sector.
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