CLSA: Maintains Yue Yuen Industrial (Holdings) (00551.HK) target price of HK$15 and "Outperform" rating.

Zhito Finance APP has learned that CLSA issued a research report maintaining Yue Yuen Industrial (Holdings) Limited's (00551.HK) target price of HKD 15 and "Outperform" rating. Yue Yuen Industrial announced its August operating results, with sales for the group, manufacturing business, and retail business declining by 2.1%, 1.6%, and 9% year-on-year respectively, a significant improvement compared to July. Thanks to the lower base effect, the year-on-year decline in manufacturing business sales narrowed substantially compared to July, although its two-year compound year-on-year growth rate remains volatile. In addition, Pou Sheng International (03813.HK)'s retail business sales faced a higher base, yet its August year-on-year decline still narrowed compared to July, showing signs of sequential improvement. The bank expects that in FY2026, sales (in USD terms) for the group, manufacturing business, and retail business will decline by 4%, 4.8%, and 3.0% year-on-year respectively.