Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00551 YUE YUEN IND
RTNominal down10.980 -0.020 (-0.182%)
Others

10/07/2020 16:32

{I-bank focus}Jefferies chops Yue Yuen Industrial to HK$13

[ET Net News Agency, 10 July 2020] Jefferies Research lowered its target price for Yue
Yuen Industrial (Holdings)(00551) to HK$13 from HK$21 and maintained its "hold" rating.
The research house expects Yue Yuen's manufacturing business to face a similar amount of
pressure in 2Q (versus that in 1Q) due to (1) shipment delays as requested by clients and
(2) capacity adjustment in China (including the closure of a plant in Hubei). Although the
retail operation (Pou Sheng) may deliver recovery in 2Q, Jefferies believes Yue Yuen's
consolidated financial performance may remain under pressure.
Jefferies cut its 2020/2021 earnings forecasts by 76%/27%, respectively mainly to
reflect a weaker-than-expected manufacturing business. Having said that, Jefferies
continues to expect Yue Yuen's adjustments to bear fruit in 2022. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.