Morimatsu International (02155) rose 5.39% in the afternoon and is now at HK$5.48, with a turnover of HK$2,609,900.
Pacific Securities said earlier that, benefiting from the broad demand from various downstream overseas industries and the company's strong overseas customer base, the number of new orders signed increased steadily from month to month in the first half of the year. At the same time, the company's refined operation has reduced costs and increased efficiency, and sufficient stock capital has helped further integrate the industrial chain. As of the end of June 2023, the company's cash and cash equivalent was 1,932 billion yuan, an increase of 41% over the previous year. This shows that the company's repayment situation is good, which is expected to help the company successfully carry out investment, mergers and acquisitions and other activities in the future and continuously expand its business map. The bank expects net profit for 2023/2024/2025 to be 889/11.43/1,442 million yuan, respectively, up 33.45%/28.57%/26.12% over the previous year, maintaining a “buy” rating.