Daiwa: Master Kong Holding (00322.HK) first half performance meets expectations, target price of 12.6 Hong Kong dollars.

According to the Wisdom Finance app, Morgan Stanley released a research report stating that Master Kong Holdings (00322.HK) saw a 3% year-on-year decrease in revenue in the first half of the year to 40 billion yuan (RMB). Net profit increased by 20% year-on-year to 2.27 billion yuan, including a one-time profit of 211 million yuan from the disposal of subsidiary companies. Excluding one-time factors, net profit increased by 12% year-on-year to 2.11 billion yuan. The bank has set a target price of HK$12.6 and a "market perform" rating.