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New Product Safety Recalls
Quanfeng Holdings (02285.HK) suffered a shareholding reduction of 0.2 million shares by FMR LLC.
Gelonghui, November 14: According to the latest equity disclosure information from the Stock Exchange, on November 8, 2024, Quan Feng Holdings (02285.HK) was reduced by FMR LLC by 0.2 million shares at an average on-market price of HKD 19.5401 per share, involving approximately HKD 3.908 million. After the shareholding, FMR LLC's latest shareholding number is 35,725,588 shares, and the shareholding ratio decreased from 7.03% to 6.99%.
Citi: Home Depot (HD.US) is expected to perform well in the quarter, and expects Techcombank (00669.HK) to gain good momentum in the third quarter.
Citi's report stated that Home Depot (HD.US) saw a 1.3% decline in same-store sales in the third quarter, beating expectations. The company has raised its full-year sales decline from 3% to 4% to 2.5%, believing that the growth in same-store sales benefited from stable weather, seasonal products, the popularity of some outdoor products, and demand related to tornadoes. The bank pointed out that as Home Depot is the largest customer of Techtronic Industries (00669.HK), the latter is expected to have good momentum in the third quarter, although Techtronic's stock price has recently been affected by Trump's possible increase in trade tariffs. The bank believes this is a good buying opportunity, as Techtronic has a history
Citi: Maintains a buy rating on techtronic ind with a target price of HK$140.
Citigroup's research report stated that it maintains a "buy" rating on Techtronic Ind (00669) with a target price of 140 Hong Kong dollars. The company's main customer, Home Depot, reflected a 1.3% decrease in same-store sales (SSSG) in the third quarter of the 2024 fiscal year, better than the market's expected decrease of 2-2.5% and also better than the 3.3% decrease in the second quarter. Home Depot raised its 2024 fiscal year sales guidance to a decrease of 2.5%, compared to the previous guidance of a decrease of 3-4%. SSSG outperformed expectations, benefiting from better participation in normal weather, seasonal commodities, outdoor projects, and the demand for hurricane-related products. The bank stated that, given Home Depot's
Spring Peak Holdings (02285): Lin Yingzhi was appointed as Joint Company Secretary.
Spring Peak Holdings (02285) announced that Ms. Mo Minghui (Ms. Mo) has resigned from the position of co-company secretary of the company;...
"Daiwa": Mainland retail sales far outperform the third quarter in October, expecting the stimulus policy effects to not yet be evident.
Daiwa's research report indicates that the trend of multiple consumer sub-industries in the mainland reflects more intense price competition. Although retail sales in the mainland in October were significantly stronger than in the third quarter of this year, the government's stimulus measures have not yet translated into stronger consumer confidence, with no substantial impact. However, the worst time seems to have passed. The bank points out a preference for exporters, essential goods, and domestic brands with the strongest pricing power such as Proya Cosmetics (603605.SH) and Anta Sports (02020.HK). The bank believes that consumer sentiment has begun to gradually recover, but it may take one to two quarters to see significant changes. The bank maintains its previous "
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