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<Research>Citi Upgrades YUE YUEN IND (00551.HK) to Buy, Adds TP to $16.5
YUE YUEN IND (00551.HK)'s newly released 1Q24 figures are in line with its profit warning, Citi Research issued a research report saying. The broker upgraded YUE YUEN IND from ...
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<Research>Citi Upgrades YUE YUEN IND (00551.HK) to Buy, Adds TP to $16.5
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YUE YUEN IND (00551.HK)  -0.200 (-1.637%)    Short selling $2.67M; Ratio 18.748%   's newly released 1Q24 figures are in line with its profit warning, Citi Research issued a research report saying. The broker upgraded YUE YUEN IND from Neutral to Buy as the Group's share price descended 30% during the year due to the profit warning and the threat of reciprocal tariffs.

Citi Research also cut its 2025-2027 earnings forecasts for the Group by 4% to reflect a slight reduction in efficiency amid capacity ramp-up phase during 1Q25. However, the broker added its target price from $15.8 to $16.5, reflecting a possible improvement in US demand following a better-than-expected tariff cut.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-15 12:25.)

Related NewsDaiwa Lowers YUE YUEN IND's TP to HKD17; Rating Reiterated at Buy

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