pokerrealmoneygamedownload| Big Bank Rating| UBS: Massive upgrade of Yue Yuen target price to HK$19 and upgrade rating to "Buy"

UBS published a research report stating thatpokerrealmoneygamedownload, Yue Yuen's profits in the fourth quarter of last year and the first quarter of this year exceeded expectations, and OEM profit margins rose to multi-year highs. Based on its optimistic outlook for the OEM business and orders, it accordingly upgraded its investment rating from "neutral" to "buy". The forecast is valid in recent monthspokerrealmoneygamedownloadUnder the cost control of the OEM business, the operating profit margin of the OEM business for the whole year will return to the level it was from 2016 to 2017, that is, before faced with efficiency and supply chain problems. The bank expects that although the company's revenue may remain under pressure, strict control of discounts and costs will keep retail operating margins resilient. Taking into account efficiency improvements and order recovery, UBS raised Yue Yuen's 2024 - 2026 earnings per share forecast by 13% to 22%, with a target price from 9pokerrealmoneygamedownload.3 Hong Kong dollars has been significantly raised to HK$19, corresponding to a forecast P/E ratio of approximately 11 times for 2024. It is expected that the compound average annual growth rate of earnings per share will reach 16% between 2023 and 2025, a decrease of 10% compared with 2017 and 2023.