On July 5, GLONGWI | Giordano (0709.HK) is proud. It is estimated that the first six months of this year will record net profit attributable to shareholders of HK$170 million to HK$200 million, an increase of about 75% to 106% over the same period in 2022. Furui published a report stating that Yingxi was higher than the bank's expectations and maintained its “buy” rating, with a target price of HK$2.9. According to Furui, according to the company, the surge in profit during the period was mainly due to improved sales, increased gross margin, and control of operating expenses. Sales and profits are growing in the Group's three main markets, Greater China, Southeast Asia, and the Gulf Cooperation Council. According to the bank, Giordano's net profit guideline for the first half of the year is equivalent to 55% to 65% of the bank's full-year forecast, which is about 7 to 17% higher than the bank's forecast for the whole year. The bank expects the company's net profit to rise 15% year on year to HK$307 million in 2023, and revenue is expected to increase 13% to HK$4.3 billion. Giordano closed up 9.52% to HK$2.76 yesterday.