According to the app of Wise News, Stella Holdings (01836) rose more than 5%, as of press time, rose 5.53%, reported HKD 14.88, and the turnover was HKD 21.1763 million.

On the news front, Citigroup released a research report stating that it will initiate a 90-day positive catalysis observation on Stella Holdings, and it is estimated that the company will announce a profit increase in mid-July; the bank expects the company's profit for the first half of the year to increase by about 41% year-on-year to USD 79 million. The bank believes that the strong performance of Stella Holdings during the period is mainly due to the capacity utilization rate of key customers, which has increased from 65% in the first half of last year to 70%, and recovered to 80% in the first half of this year, driving sales in the company's sports business division.

In addition, the company continues to optimize its product portfolio. It is estimated that the high-gross-margin luxury and fashion business will further increase revenue contribution; seasonal bullish factors, because the second quarter is usually the peak season for the sale of sports and fashion footwear. Citigroup reiterated its "buy" rating on Stella Holdings and raised its target price from HKD 18 to HKD 19.6.