HK Stock Market Move | CHERVON (02285) rose nearly 12% in the afternoon as the US real estate cycle reversed and retailers replenished their inventories. The company is expected to see operational improvements.
Zhenfeng Holdings (02285) rose nearly 12% in the afternoon, as of the time of publication, up 11.5% to HK$23.86, with a trading volume of HK$1.03 billion.
CHERVON (02285) rose nearly 12% in the afternoon, rising by 11.5% to HK$23.86 at the time of writing, with a turnover of HK$103 million.
CMSC released a research report stating that the consecutive rate cuts by the Fed, along with the transition of the chairman after 26 years, the downward trend of 30-year mortgage rates is expected to drive a reversal in the US real estate cycle. Furthermore, with retail stores actively replenishing inventory in Q1 26, end sales are expected to increase, leading to operational improvements for companies like Hangzhou GreatStar Industrial/CHERVON in 26.
It is worth noting that Chervon's EGO Europe company has previously acquired all the shares of SDL under the Dutch Royal Reesink Group. This acquisition is a key move for Chervon in advancing its European market strategy. By integrating SDL's local advantages with Chervon's global resources, EGO's competitiveness and brand influence in the field of outdoor power equipment in Europe will be further enhanced. It is reported that EGO, as a leading brand in the lithium-ion OPE field, has already gained a strong foothold in users' minds.
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