DJ Texhong Textile Shares Likely Already Priced in Most Positives -- Market Talk
0731 GMT - Texhong Textile Group's earnings have improved since 2H 2020, which may mean that most of its businesses are now performing close to pre-pandemic levels, Daiwa Capital says. The textile group's profit margins are also improving after cotton prices recorded one of the strongest 6-month rallies in recent history. However, the uptrend in cotton prices have been slowing since late February, Daiwa notes. It is likely that most of the positives have been priced into Texhong's shares, which are up 95% year to date, Daiwa says. It cuts the stock's rating to outperform from buy and raises target price to HK$15.00 from HK$7.80. Shares are 3.6% lower at HK$12.98. (yiwei.wong@wsj.com)
(END) Dow Jones Newswires
March 19, 2021 03:31 ET (07:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
DJ Texhong Texture股票可能已经计入了大部分利好因素--市场谈话
0731GMT-大和资本称，自2020年下半年以来，德宏纺织集团的盈利有所改善，这可能意味着其多数业务目前的表现接近疫情爆发前的水平。在棉花价格录得近代史上最强劲的6个月涨势之一后，这家纺织集团的利润率也在改善。然而，大和指出，自2月下旬以来，棉花价格的上涨趋势一直在放缓。大和说，大部分利好因素很可能已经反映在德宏的股价中，今年到目前为止，德宏的股价已经上涨了95%。该公司将该股评级从买入下调至表现优于大盘，并将目标价从7.80港元上调至15.00港元。该公司股价下跌3.6%，至12.98港元。(yi wei.wong@wsj.com)
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2021年3月19日东部时间03：31(格林尼治标准时间07：31)
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