UBS released a research report sayingnodepositroulette, upgrade Yue Yuen Group's (00551) investment rating from "neutral" to "buy", take into account efficiency improvements and order recovery, increase its 2024 - 2026 earnings per share forecast by 13% to 22%, with a target price from 9nodepositroulette.3 Hong Kong dollars has been significantly increased to HK$19, and earnings per share are expected to grow at a compound average annual growth rate of 16% between 2023 and 2025, a decrease of 10% compared with 2017 and 2023.

The report stated that the company'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 optimistic OEM business prospects and orders. Another forecast will be effective in recent monthsnodepositrouletteUnder 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.