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Hong Kong stocks soar | China Feihe (06186) rose more than 3%, the company's channel inventory remains healthy, and institutions predict that gross margin will further expand in the second half of the year.
China Feihe (06186) rose more than 3%. As of the time of writing, it is up 3.14% to HKD 4.27 with a turnover of 34.6034 million HKD.
[Brokerage Focus] Bocom Intl raises target price for China Feihe (06186) by 17.6% due to improved operation, but the profit growth potential may be limited.
Jingyi Financial News | Bocom Intl issued a research report, stating that China Feihe (06186) saw a 3.7% increase in revenue in the first half of the year; gross margin improved by 2.6 percentage points. After two consecutive years of declining performance, net income has returned to growth, with a year-on-year increase of 18.1%. It plans to distribute a interim dividend of HKD 0.1632 per share, corresponding to a dividend payout ratio of 72%. The bank points out that the growth in revenue and profit margin is driven by the high-end series; the growth drivers for future revenue are gradually becoming clear. Benefiting from the continuous upgrading of high-end products, Feihe's gross margin in the first half of the year has significantly improved. The main drivers of future growth include (1) expanding market share of domestic brands; (2)
UBS Group: China Feihe (06186) is given a buy rating, with performance in the first half of the year better than expected.
UBS Group has released a research report, stating that China Feihe's performance in the first half of the year exceeded expectations. They have given China Feihe (06186) a "buy" rating and raised the target price to HKD 5.1.
Citi Reaffirms Their Buy Rating on China Feihe Limited (6186)
China Feihe Has Room to Grow 2H Sales -- Market Talk
China Feihe Raised to Outperform From Neutral by CCB International >6186.HK
Capital Allocation Trends At China Feihe (HKG:6186) Aren't Ideal
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