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CHINAHONGQIAO Once Surges 8% to Record High on Positive Profit Alert Forecasting ~35% Growth in Interim NP; Brokers Recommend Buy
CHINAHONGQIAO (01378.HK) has issued a positive profit alert forecasting its interim net profit to leap by about 35%. The company's stock price hit a record high of HKD17.28 wit...
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CHINAHONGQIAO Once Surges 8% to Record High on Positive Profit Alert Forecasting ~35% Growth in Interim NP; Brokers Recommend Buy
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16
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7
 
SHORT SELL
 
STOCK INFO

CHINAHONGQIAO (01378.HK)  +0.400 (+2.331%)    Short selling $50.18M; Ratio 11.500%   has issued a positive profit alert forecasting its interim net profit to leap by about 35%. The company's stock price hit a record high of HKD17.28 with an 8.2% surge today (24th). It last traded at HKD16.9, up 6.29%, on a volume of 31.2522 million shares, involving HKD530 million.

UBS rated CHINAHONGQIAO as Buy with a target price of HKD16.5. BofA Securities maintained a Buy rating with a target price of HKD16. Morgan Stanley kept the Overweight rating unchanged with a target price of HKD18.5. Citi continued to give a Buy rating with a target price of HKD21. Jefferies also granted a Buy rating with a target price of HKD17.7.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-26 12:25.)

Related NewsHSBC Research Adds CHINAHONGQIAO (01378.HK) TP to $18.5, Keeps Rating at Buy

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