UBS: Yuexuan Group (00551.HK) second-quarter profits exceed expectations, target price raised to HK$16.

The Zhixun Finance APP learned that according to the research report released by UBS, Yuexiu Group (00551.HK) saw a 1% increase in revenue and a 13% increase in net profit in the second quarter compared to the same period last year. While revenue met expectations, net profit exceeded expectations by 19% due to a lower tax rate and fair value gains on financial instruments. The average selling price of products increased by 2.5% in the first quarter and 3.9% in the second quarter year-on-year. UBS forecasts that the average selling price of products for the whole year will see a low single-digit increase, taking into account the impact of tariff policies. UBS has raised Yuexiu's target price from HK$14 to HK$16 to reflect higher order growth expectations next year, and has a "buy" rating on the stock.