latenightpoker| CITIC Lyon: Maintain the "Buy" rating of Chuangke Industrial and raise its target price to HK$138

CITIC Lyon released a research report sayinglatenightpoker, raising the target price of Chuangke Industries (00669) by 17% from HK$118 to HK$138, revenue is expected to increase by 6% in fiscal year 2024latenightpoker..6%, net profit expected to increase by 17.3% in the first half of the year, and gross profit margin increased by 43 basis points to 39.7%, maintaining a "buy" rating. The bank is full of confidence in the company's market share growth ability and sees signs that the power tool industry is entering a multi-year rising cycle. Although the Fed's interest rate outlook may experience short-term fluctuations, Chuangke Industrial is the bank's industry first choice.