Hong Kong Stocks in Motion | MAN WAH HLDGS (01999) Rises Over 3% as Institutions Say U.S. Rate Cuts Will Enhance Company's Fundamentals and Valuation Potential

Stock News
Oct 22

MAN WAH HLDGS (01999) has seen a rise of over 3%, currently up by 2.39% at HKD 4.71 with a trading volume of HKD 30.63 million. According to a report from UBS, the ongoing weakness in the domestic real estate market has already been fully reflected in the stock price of MAN WAH HLDGS. Furthermore, with interest rates expected to decrease, demand in the U.S. may increase. Although tariffs pose a level of uncertainty, they could also create opportunities for market share growth, prompting the firm to adopt a more favorable outlook on MAN WAH HLDGS. The firm has raised its earnings per share projections for the fiscal years 2026 to 2028 by 12%, 9%, and 11% respectively. They believe that negative factors are already priced in and that the current valuation is depressed. Even if a turning point for the Chinese market may take longer to materialize, they anticipate that the continued weakness in the domestic housing market will not lead to downward valuation adjustments, as the U.S. rate cuts will provide upward potential for fundamentals and valuations.

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