The Zhitong Finance App learned that Quanfeng Holdings (02285) has risen by more than 4%, and its stock price has risen by more than 60% since September 10. As of press release, it rose 4.39% to HK$32.36, with a turnover of HK$247.36,500.

According to news, Joseph Galli Jr., the former CEO of Chuangke Industrial, joined Quanfeng Holdings as the new CEO on September 10 this year. On October 5, Quanfeng Holdings announced that it will appoint 4 new executives for the North American business. These 4 have all worked at Chuangtech Industries/Milwaukee for more than 10 years. So far, Joe Galli has recruited 8 key executives within a month.

Yamato believes that Quanfeng Holdings will face a clear valuation reshaping in the next few months. This round of recruitment focuses on sales capabilities in the western US states and strategic customers, and also covers the Canadian market. The bank expects Joe Galli's recruitment campaign to continue, and the focus in the next phase may shift to the European market.

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