Morgan Stanley: Overweight rating on China Hongqiao (01378.HK), profit upside driven by rising volumes and prices.

Zhitong Finance APP has learned that Morgan Stanley issued a research report, giving China Hongqiao (01378.HK) an "Overweight" rating with a target price of HK$28.6. The report noted that China Hongqiao's net profit in the first half of 2026 increased by 39% year-on-year to RMB 17.2 billion, in line with expectations.