Understanding the Market | H&H International Holdings rose over 3%, the company's milk powder business is experiencing positive growth, and Morgan Stanley indicated a high possibility of re-rating
H&H International Holdings rose over 3%, as of the time of writing, it increased by 2.84%, reaching HKD 12.33, with a trading volume of HKD 38.4456 million. Changjiang Securities released a research report stating that the company's milk powder business is expected to see positive growth in Q1 2025 after experiencing a destocking cycle of old products and restocking following the new national standards. Furthermore, the sales performance exceeded expectations after implementation, with a growth rate exceeding 40% in Q1 2025. The firm is optimistic about the company's long-standing brand operation capabilities and its positioning as a global supplier of nutritional products for all family members. Morgan Stanley indicated that among the mainland consumer goods stocks rated "in line with the market," H&H International Holdings has a high possibility of being re-rated. Morgan Stanley raised its target price for H&H from HKD 11.5 to HKD 13.4, believing that the milk powder base will be relatively low in the second half of the year, and that demand for stage 1-2 milk powder products is strong, expecting improved performance in the coming quarters
According to Zhitong Finance APP, H&H International Holdings (01112) rose over 3%, and as of the time of writing, it increased by 2.84%, trading at HKD 12.33, with a transaction volume of HKD 38.4456 million.
Changjiang Securities released a research report stating that the company's milk powder business is expected to see positive growth in Q1 2025 after experiencing a destocking cycle of old products and restocking following the new national standards. The sales performance exceeded expectations after implementation, with a growth rate exceeding 40% in Q1 2025. The firm is optimistic about the company's long-standing brand operation capabilities and its positioning as a global supplier of nutritional products for all family members.
Morgan Stanley indicated that among the mainland consumer stocks rated "in line with the market," H&H International Holdings has a higher likelihood of being re-rated. Morgan Stanley raised its target price for H&H from HKD 11.5 to HKD 13.4, believing that the milk powder base will be relatively low in the second half of the year, and that demand for stage 1-2 milk powder products is strong, expecting improved performance in the coming quarters
