YUE YUEN IND (00551) footwear manufacturing Business (MFG) revenue has increased by 10.9% year-to-date, and the relevant situation for the first 11 months of this year meets the bank's expectations.
According to Zhitong Finance APP, Citibank released a research report stating that YUE YUEN IND (00551) footwear manufacturing Business (MFG) revenue has increased by 10.9% year-to-date, and the relevant situation for the first 11 months of this year meets the bank's expectations. Since the end of September, due to revenue growth and gross margin expansion in Q4 2024, the MFG Sector has performed strongly, with the stock price rising over 25%, setting a Target Price of HKD 20.3 and a ‘Buy’ rating.