snook| Bank of America Securities: Reiterates its "Buy" rating on Minwa Holdings and raises its target price to HK$10

Minhua Holdings (01999) will benefit from improved market sentimentsnook, currently basically maintains its forecast for the 2025 fiscal year, with revenue and earnings expected to increase by 9%.

Zhitong Financial APP learned that Bank of America Securities released a research report stating that it reiterated its "buy" rating on Minhua Holdings (01999) and raised its target price to HK$10 considering the attractive risk-return level. The company's fiscal year 2024 performance exceeded expectations, mainly driven by improved profit margins. Since the mainland government launched a series of support measures at the end of April, the market currently expects real estate policies to be further relaxed. Bank of America expects Minhua to benefit from improved market sentiment and currently basically maintains its forecast for the 2025 fiscal year, with revenue and earnings expected to increase by 9%.

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