oystertoadfish| Furui: Maintain fast-hand-W "Buy" rating target price of HK$78
Furui released a research report saying that it maintains the "Buy" rating of Fast-Hand-W (01024) and continues to expect revenue in the first quarter to increase by 15% year-on-year to RMB 29 billion, and non-International Financial Reporting Standards (Non-IFRS) profits to reach RMB 3.1 billion., with a target price of HK$78.
The report stated that the company's gross profit margin is expected to increase by approximately 6 percentage points to approximately 52% during the period. By business classification, the bank expects the group to have a quarteroystertoadfishThe total merchandise transaction volume (GMV) of China's increased by 29%, online sales rose 26% to 16.4 billion yuan, and other income is expected to increase by about 40%. Among them, driven by commission income, e-commerce revenue is expected to increase by 41%.
