The Zhitong Finance App learned that Yamato released a research report stating that it reaffirmed the “buy” rating of Quanfeng Holdings (02285). The target price is HK$40, which corresponds to the predicted price-earnings ratio of about 15 times in 2027. Joe Galli, the former CEO of Chuangke Industrial (00669), joined Quanfeng Holdings last month. The company recently announced that it will appoint 4 new executives for the North American business, all of whom have worked for more than ten years at Chuangke Industrial or Milwaukee.

Yamato pointed out that taking into account earlier appointments, Joe Galli has recruited 8 core executives within a month, mainly focusing on the western states of the US and the Canadian market. The bank believes that Galli will continue to hire additional personnel, and the next potential market for expansion is expected to be Europe.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.