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<Research>Jefferies Expects YUE YUEN IND (00551.HK) OEM Biz Profit/ Free Cash Flow to Drop Further This Yr; Rating Underperform
Recommend 3 Positive 3 Negative 2 |
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YUE YUEN IND (00551.HK) and its retail entity POU SHENG INT'L (03813.HK) held an earnings conference call yesterday (12th), according to Jefferies' research report. The management issued a warning regarding the uncertainties in OEM shipment volume, average selling price (ASP) and gross margin in 1Q26, while expecting capital expenditure to increase YoY. Jefferies strongly disagreed with the resilient performance of YUE YUEN IND's share price, as it anticipated further declines in OEM business profit and free cash flow in 2026, which will pose a risk to dividends. Therefore, the broker rated YUE YUEN IND at Underperform, and cut its target price from $7.4 to $7. Jefferies also rated POU SHENG INT'L at Buy, and dropped its target price from $0.84 to $0.72. AASTOCKS Financial News Website: www.aastocks.com |
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