Yue Yuen （0551.HK）/Pou Sheng （3813.HK） 2Q24 earnings review： Raises OEM FY24 order guidance； PS protects margin amid demand uncertainties； Buy
Goldman Sachs·2024-08-14 03:00
13 August 2024 | 6:12PM HKT Yue Yuen (0551.HK)/Pou Sheng (3813.HK) 2024 earnings review: Raises OEM FY24 order guidance; PS protects margin amid demand uncertainties; Buy We attended Yue Yuen/Pou Sheng's briefing meeting today post their earnings release. We are encouraged by mgmt's upbeat tone on OEM orders with raised full-year volume guidance to LDD yoy growth given the concerns on weaker demand globally; while the retail business in China (under Pou Sheng) faces challenges on weak consumption power and ...