The Zhitong Finance App learned that H&H International Holdings (01112) rose more than 6% in the afternoon. As of press release, it rose 4.48% to HK$21.44, with a turnover of HK$488.928 million.

According to the news, H&H International Holdings announced that in the first nine months of this year, total revenue increased 24.5% year-on-year to RMB 13.448 billion according to reporting standards, mainly driven by strong growth in the Adult Nutrition and Nursing Products Division and the Infant Nutrition and Care Products Division. In the third quarter, the Group increased investment in strategic new product launches and strengthened various initiatives targeting core markets and selected markets for expansion to support sustainable growth.

Lyon released a research report saying that after reviewing mergers and acquisitions in the global dietary supplement industry since this year, it was found that investors seem to mainly consider the valuation of its ANC business when evaluating H&H International Holdings, while not giving much valuation to the BNC and PNC businesses. The target price of H&H International Holdings was raised by 28.4% from HK$21.8 to HK$28, reaffirming the “outperforming the market” rating.

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