The Zhitong Finance App learned that Minhua Holdings (01999) rose more than 5%. As of press release, it had risen 5.07% to HK$5.6, with a turnover of HK$66.5593 million.
Zheshang Securities pointed out that those with high dividend rates have continued to outperform the market for some time. Let's sort out the value targets of the light industry manufacturing sector that currently still have both high dividend rates and stable growth expectations. Focus on targets that originally had a high dividend ratio and are expected to have stable future operating cash flow, such as Minhua Holdings.
Guojin Securities said that although the logic of releasing the company's category penetration dividends has now been implemented in terms of domestic sales, the overall space is still huge, and the company's new retail layout continues to deepen. The front-end introduced an upgraded store CRM system to further empower dealers. The production side relies on big data to accurately launch popular products and superposition digitalization to improve production efficiency. The front and back ends continue to be optimized, and the marginal increase in penetration rate can still be expected. The company's current valuation is low. As subsequent channel adjustments are gradually put in place to add to the recovery of industry demand, valuation repair can be expected.