Hong Kong Stock Market News | YADEA surges over 5% in the afternoon, groundbreaking ceremony held for Vietnam factory, Daiwa previously stated that investors were overly concerned.
YADEA's stock price rose more than 5% in the afternoon, and as of the time of writing, it has increased by 4.12%, reaching HKD 11.12, with a trading volume of HKD 22.7654 million. Guoyuan International has released a report stating that YADEA held a groundbreaking ceremony for its second factory in Bac Giang Province, Vietnam, on January 21st. This marks an important step for the company in overseas production capacity construction. The products from the factory will not only be sold in Vietnam but also utilize Vietnam's high-quality export resources to enter other Southeast Asian countries. This is a significant progress in the company's globalization. The bank pointed out that the company is making efforts in the battery aftermarket and is expected to explore new growth opportunities. Yamato Holdings Co., Ltd. previously stated that YADEA's market share still has room for improvement, profit margins have expanded, the battery business has good prospects, and core competitiveness remains unchanged. In addition, with the continuous share repurchases by major shareholders, investors may be overly concerned. The bank predicts that YADEA's two-wheeler shipments will increase by 19% annually in 2023, and the average selling price and unit profit in the second half of last year are expected to improve compared to the first half of the year.
Zhitong App learned that YADEA (01585) rose more than 5% in the afternoon, as of the time of publication, it increased by 4.12%, reaching HKD 11.12, with a turnover of HKD 22.7654 million.
Guoyuan International released a report stating that YADEA held a groundbreaking ceremony for its second factory in Bac Giang Province, Vietnam on January 21st. This marks an important step for the company in overseas production capacity construction. The products from the factory will not only be sold in Vietnam but also utilize Vietnam's high-quality export resources to enter other Southeast Asian countries. This is an important progress for the company's globalization. The bank pointed out that the company is making efforts in the battery aftermarket and is expected to explore new growth opportunities.
Yamato Holdings Co., Ltd. previously stated that YADEA's market share still has room for improvement, and its profit margin has expanded. The battery business has a promising outlook, and its core competitiveness remains unchanged. In addition, with continuous share repurchases by major shareholders, it is believed that investors may be overly concerned. The bank predicts that YADEA's two-wheeler shipments in 2023 will increase by 19% annually. The average selling price and unit profit in the second half of last year are expected to improve compared to the first half of the year.
