Gelonghui, November 21 | Johnson Electric (0179.HK) rose sharply by more than 11%. The intraday high of HK$12.4 hit a 20-month high, with a total market value of HK$11.3 billion. According to the news, the company will eliminate interest on November 29 and pay a dividend of 0.21,751 USD per share. Citi recently gave Dechang a “buy” rating. The target price was raised from HK$14 to HK$17, indicating that investment costs and average sales prices for automotive and industry-related products have improved during the period. It is expected that continued cost reductions and production efficiency improvements will bring room for further improvement in valuation.
港股异动丨德昌电机一度涨超11% 股价创20个月新高
Changes in Hong Kong stocks: Johnson Electric once rose more than 11%, and its stock price hit a 20-month high
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