该行将中国飞鹤目标价定于7.27港元;H&H国际控股(01112)目标价定于10港元;伊利股份(600887.SH)目标价定于31元人民币，上述三只股份均予以“跑赢大市”评级。The bank has set the Target Price for CHINA FEIHE at HKD 7.27; the Target Price for H&H INTL HLDG (01112) is set at HKD 10; and the Target Price for Inner Mongolia Yili Industrial Group (600887.SH) is set at RMB 31. All three stocks are rated as "outperform the market."
According to Zhituo Finance APP, the Lyon Research Reports state that Hohhot City in mainland China has announced the implementation details and service process for the childcare subsidy program. A one-time childcare subsidy of 0.01 million yuan will be provided for giving birth to the first child; for the second child, a subsidy of 0.05 million yuan will be issued, distributed at 0.01 million yuan per year until the child is 5 years old; for the third child and subsequent children, a subsidy of 0.1 million yuan will be issued, also distributed at 0.01 million yuan per year until the child is 10 years old. The firm stated that the amounts and coverage periods of these policies exceed market expectations.
Although the firm does not believe that this amount and coverage period will become the norm, it believes that the childcare subsidies in Hohhot City will enhance market expectations, mainly due to the determination of various levels of government to promote childbirth; and other regions will gradually introduce more encouraging policies. Although it is currently difficult to assess the ultimate impact of these policies on the fertility rate, it is believed that higher expectations will boost investment sentiment in infant-related Stocks in the short term. It is expected that CHINA FEIHE (06186) will benefit the most, as most of its sales come from stage 1 to 3 infant formula products. Net income for the fiscal year 2024 to 2025 is expected to reach 3.8 billion and 4.1 billion yuan, compared to 3.4 billion yuan for the fiscal year 2023.
The bank has set the Target Price for CHINA FEIHE at HKD 7.27; the Target Price for H&H INTL HLDG (01112) is set at HKD 10; and the Target Price for Inner Mongolia Yili Industrial Group (600887.SH) is set at RMB 31. All three stocks are rated as "outperform the market."
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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