On August 26, HUA HONG GRACE rose 3.35% in regular trading, trading at 114.5 HKD/share, with turnover of HKD 521 million.
On the news front, the company is scheduled to simultaneously release its A-share semi-annual report and H-share interim results after today's market close, triggering anticipation around earnings expectations. Additionally, the Hang Seng Index Company previously announced that HUA HONG GRACE will be added to the Hang Seng Index, effective after the close on September 4. Goldman Sachs estimates the index reshuffle will generate over USD 7.2 billion in total two-way passive fund flows, with HUA HONG GRACE among the stocks expected to receive the highest net inflows, with potential inflows ranging from USD 160 million to USD 470 million.
The company reported Q2 sales revenue of USD 717.5 million, a record high with 26.8% year-over-year growth. Citibank maintains a Buy rating, while Bank of America reiterates an Underperform rating citing elevated valuations.
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