With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
HSBC research has raised the target price of Chuangke (00669) from HK $90 to HK $115, while maintaining the “buy” rating.
according to a research report published by HSBC research, Chuangke’s revenue increased by 13.9% in the first half of the year to $4.206 billion, mainly due to the strong sales momentum of the company’s tools and the profitability of floor care projects. At present, the company’s professional brand Milwaukee’s revenue has increased by 13.3%; the amateur brand Ryobi outdoor equipment has increased by 25%. At present, the company’s gross profit increased by 0.4% to 38%, net profit increased by 16.3% to $332 million, and profit margin increased by 0.3% to 7.9%. HSBC pointed out that the company’s market performance during the public health event was strong, including continued increase in sales and administrative expenses, increase in the number of employees and active launch of new products, while the same industry showed a downward trend.
HSBC believes that the relevant business risks will help the company to increase its market share and outperform other enterprises in the same industry. HSBC believes that the company’s favorable situation will continue from the second half of the year to the next few years. The company’s growth target in the second half of the year is the same as that in the first half of the year. At present, it is optimistic about its overseas diversified market strategy. At present, HSBC maintains the “buy” rating and the target price rises from HK $90 to 115 Hong Kong dollars.