According to "The Big Bank," Bank of America Securities raised the target price for MAN WAH HLDGS to 5.3 yuan, exceeding expectations for the interim results

Bank of America Securities published a research report indicating that MAN WAH HLDGS (01999.HK) reported better-than-expected performance for the first half of the fiscal year ending in September, with net profit slightly rising by 0.6% to HKD 1.146 billion, which is 7% higher than the bank's expectations; total revenue fell by 3% year-on-year, mainly due to a 6% decline in revenue from the Chinese market, while the U.S. and European markets recorded moderate growth of 0.3% and 4%, respectively, with a gross profit margin maintained at 40.4%, also exceeding expectations.

Bank of America Securities maintains a "Neutral" rating on MAN WAH, remaining optimistic about its business profit margin resilience and a dividend yield of up to 6%, which can partially offset the impact of tariff policies and uncertainties in domestic demand. Considering the impact of the latest tariff policies, the bank slightly lowered its net profit forecast for MAN WAH for the fiscal year 2026 by 2%, while raising the target price from HKD 4.6 to HKD 5.3 to reflect improved liquidity