Core Viewpoint - H&H International Holdings (01112) is experiencing positive momentum in its stock price, with a current increase of 2.84% to HKD 12.33, driven by optimistic forecasts regarding its milk powder business and overall market positioning [1] Group 1: Company Performance - The milk powder business is expected to see positive growth starting from Q1 2025, following a period of inventory clearance and replenishment due to new national standards [1] - The sales performance has exceeded expectations post-replenishment, with a projected growth rate of over 40% in Q1 2025 [1] Group 2: Analyst Ratings and Price Targets - Changjiang Securities has a favorable outlook on the company's long-term brand management capabilities and its positioning as a global supplier of nutritional products for families [1] - Morgan Stanley has upgraded its target price for H&H from HKD 11.5 to HKD 13.4, citing a low base for milk powder sales in the second half of the year and strong demand for stage 1-2 milk powder products [1]
H&H国际控股涨超3% 公司奶粉业务迎来正增长 大摩指其有较高重新评级可能性