Quanfeng Holdings (02285) is now up more than 7%. As of press release, it has risen 6.99% to HK$19.58, with a turnover of HK$14.2801 million.
The Zhitong Finance App learned that Quanfeng Holdings (02285) is now up more than 7%. As of press release, it has risen 6.99% to HK$19.58, with a turnover of HK$14.2801 million.
Huaxi Securities pointed out that considering the end of inventory removal from overseas tool channels, downstream channels are expected to enter the inventory replenishment cycle. Demand related to real estate is expected to recover in anticipation of US interest rate cuts, and domestic related companies are expected to usher in an inflection point in revenue; in the long run, under the trend of lithium electrification of outdoor power tools, the share of related lithium battery OPE companies is expected to continue to increase; it is recommended to focus on domestic tool companies such as Quanfeng Holdings.
Huafu Securities, on the other hand, pointed out that a large number of middle class families in the US live in suburban villas, and the labor costs in the US are high, so consumers have more demand to repair their homes, make furniture, and maintain their own gardens. However, after the phased peak of new housing sales in China, as the age of housing increases and labor costs increase in China, it is expected that China will also generate demand related to housing repair, DIY, etc., so opportunities for power tools and other companies in China are also worth paying attention to. Related companies include Quanfeng Holdings, etc.