Citigroup: Upgraded Minhua Holdings (01999) to "Buy", target price raised to HK$6.5.

Wisdom Financial APP learned that Citigroup issued a research report stating that the earnings forecast for Ming Wah Holdings (01999) for the fiscal years 2026 to 2028 was adjusted downwards by 2%, upwards by 1%, and upwards by 4% respectively; Furthermore, based on the improved competitive position of the group in the US market after the acquisition of Gainline, the target price was raised from 5.3 Hong Kong dollars to 6.5 Hong Kong dollars, based on a 2026 fiscal year P/E ratio of 11 times; The expected return for the fiscal year 2027 is over 6%, the three-year EPS compound annual growth rate is expected to reach 7%, and the valuation is quite attractive; the rating has been upgraded from neutral to "buy".