HSBC: Raise target price of Want Want China Holdings (00288.HK) to HK$9.6, rating "hold"

According to Zhtng Finance APP, Morgan Stanley released a research report stating that Want Want China Holdings (00288.HK) saw a year-on-year increase of 8.9% in sales/profit before biologic fair value adjustments in the first half of 2025, which is basically in line with market expectations. This means that in the second quarter of 2025, sales/operating profit increased by 12%/3% year-on-year. The performance surprise mainly comes from the optimistic outlook for the Chinese market in the second half of the year and an increase in midterm dividends. The target price has been raised from HK $8.8 to HK $9.6, with a rating of "Buy."