Jinwu Financial News | Jiajiale Group (00341) bucked the market for the better. It saw HK$9.96 in the intraday period, up more than 3.7%. As of press release, it was still up 2.5%, with a turnover of HK$15.916 million.
For the six months ended September 30, 2023, profit attributable to shareholders increased by 84.4% to HK$200.6 million, and revenue increased by 10.8% to HK$4,318.6 billion.
After the results, Macquarie published a report stating that the mid-term results of Dajiale Fu Yingxi raised the group's target price by 3% from HK$13 to HK$13.4, maintaining the “outperform the market” rating.
CMB International, on the other hand, maintained its buying rating. The target price was raised from HK$12.32 to HK$14.82, indicating that the performance for the first half of FY24 was better than expected.