Standard Chartered initially gave Zhuo Hyatt Holdings (0653.HK) an outperform rating, with a target price of HK $1.51 (equivalent to 13.5 times 12-year P / E). It points out that the current price of the stock is 11 times its 12-year P / E ratio, which is lower than that of 0178.HK International (18.4 times). It is considered that although Zhuoyue's mainland business is small, its focus on developing the Guangzhou market can enhance the popularity of the brand in the region. And Zhuo Yue won the exclusive agency for more products, which will also help to increase the gross profit margin.

Zhuo Yue rose 2.44 per cent to HK $1.26 yesterday.