HK Stock Market Move | CHERVON(02285) rose by more than 6%. Institutions are optimistic about its long-term benefits from the repair of the American real estate market.

CHERVON (02285) rose more than 6%, and as of the time of writing, it has risen by 6.57% to 21.98 Hong Kong dollars, with a turnover of 71.268 million Hong Kong dollars. On the news front, CISI FIN released a research report stating that it is optimistic about CHERVON as a high-quality overseas brand in the current 30-year US real estate big repair and five-year inventory cycle resonance opportunity. It still sees demand-side acceleration growth in a 2-3 year timeframe, with Vietnam's export capacity to the US expected to be basically covered next year, driving profit margin recovery. The company has high-quality products, a deep channel foundation, and is expected to become one of the targets with the greatest elasticity in demand repair in the current US real estate chain. Daiwa recently pointed out that Chervon recently held an investor day, proposing a development strategy centered on the high-profit EGO brand. The management expects that by the end of this year, Vietnamese production capacity will be able to meet 60% of the product demand exported to the US, which is believed to help alleviate market concerns about long-term tariff impacts and competition. Daiwa stated that after the Trump administration announced equivalent tariff measures in April this year, it significantly lowered its forecast for Chervon, mainly due to Chervon having the highest concentration of Chinese production among rated companies. The target price for CHERVON was raised from 11 Hong Kong dollars to 25 Hong Kong dollars to reflect Quanfeng's performance in the first half of the year far exceeding expectations, and the rating was upgraded to outperforming the market.