Morgan Stanley released a research report stating that it maintained Yuyuan Group (00551.HK)'s “in sync with the market” rating, adjusted operating income and profit margin forecasts for the 2024-2026 fiscal year, and raised its earnings per share forecast for the 2024 fiscal year by 7%, while remaining unchanged for the 2025 to 2026 fiscal year. Based on the above factors, the target price was raised from HK$15 to HK$16. The company recorded an improvement in profit margin performance in the first quarter of fiscal year 2024. The gross margin of the footwear manufacturing business (MFG) remained above 20%, and the operating profit margin also exceeded 8%.
大摩：维持裕元集团(00551.HK)“与大市同步”评级 目标价上调至16港元
Damo: Maintaining Yuyuan Group's (00551.HK) “In sync with the market” rating, the target price was raised to HK$16
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