On September 15, 0189.HK Group (Dongyue Group), which recently withdrew 20% from its high level, continued to rebound and is now up nearly 5%, with a cumulative increase of 15% in 3 days. At HK $24.70, with a total market capitalization of HK $55.8 billion.
Credit Suisse maintained Dongyue Group's "outperform" rating, raising its target price from HK $30 to HK $31. After last week's announcement of a rights issue of HK $3.3 billion per share, the company continued to pull back and its valuation fell back to 17 times next year's forecast price-to-earnings ratio. The bank believes that the fundamentals of the group are still sound, so this is a good opportunity to collect shares.
At present, refrigerants have entered a short-term off-season, and the fourth quarter is about to enter the peak season of traditional refrigerant stockpiling. At the same time, some second-generation refrigerants are subject to quota cuts, and the recent increase in raw material prices is expected to drive refrigerant prices up.
At present, refrigerants have entered a short-term off-season, and the fourth quarter is about to enter the peak season of traditional refrigerant stockpiling. At the same time, some second-generation refrigerants are subject to quota cuts, and the recent increase in raw material prices is expected to drive refrigerant prices up.
