China Hongqiao (01378) rose 3% in the afternoon and is now reported at HK$7.20, with a turnover of HK$120 million.
According to a research report released by Societe Generale Securities, maintaining the “buy” rating of China Hongqiao (01378), net profit is expected to increase 10.8%/9.8%/7% year on year in 2023-25 to 96.42/105.85/11.329 billion yuan, with a target price of HK$10.55.