Core Viewpoint - The stock of Up Beauty Holdings (02145) has risen over 3%, reaching a new high of 102.5 HKD, driven by strong performance in the domestic beauty market, particularly for the brand Han Shu [1] Company Performance - Up Beauty Holdings' main brand Han Shu has achieved sales exceeding 700 million RMB in August, solidifying its leading position in the Douyin beauty market [1] - Morgan Stanley has raised its earnings forecast for the company for 2025-2027 by 1-5%, which is 3-8% higher than market expectations, reflecting confidence in the company's growth potential [1] Market Outlook - The beauty industry in mainland China is experiencing rapid growth, and Up Beauty Holdings is expected to further increase its market share due to its multi-brand strategy, R&D capabilities, and enhanced brand value [1] - CICC's research report indicates that the company is successfully expanding its main brand and has seen multiple smaller brands gain traction, validating its multi-brand group strategy [1]
港股异动 | 上美股份(02145)涨超3%破顶 多品牌逻辑逐步兑现 机构看好公司中长期成长前景