Lates News

According to a report released by Guojin Securities on July 15, they have given a buy rating to Meng Baihe (603313.SH). The reasons for the rating include: 1) Expected steady growth in Q2 revenue, with better performance in the US market; 2) The profitability of overseas factories is improving, combined with reduced losses in domestic independent brands, which will drive overall profitability improvement for the company; 3) Operational improvement is gradually taking place, with the trend of profit recovery becoming more prominent. (Daily Economic News)