The Zhitong Finance App learned that Quanfeng Holdings (02285) continued to rise, reaching a new high of HK$37.88 since April 2023, and its stock price increased by more than 95% during the year. As of press release, it rose 4.20% to HK$37.24, with a turnover of HK$472,163 million.

According to the news, Citi released a research report saying that the Democratic Party won the Senate and House of Representatives in the US midterm elections, which had a positive impact on China's export sector, including a reduction in the risk of US tariff escalation and a potential fall in oil prices to help ease interest on US ten-year bonds. Citigroup is the preferred target for export stocks, and said that the main positive factors in the export sector this year include US tariff rebates, tariff relief, and the better-than-expected US economy.

It is worth mentioning that at the end of last month, Quanfeng Holdings announced a new round of the Advanced Momentum Program, a global management trainee program, with the goal of reserving the management talents needed for the next ten years or more. In September of this year, Joseph Galli Jr., the former CEO of Chuangke Industrial, joined Quanfeng Holdings as the new CEO and launched an executive recruitment campaign. Up to now, the company has appointed a number of management talents with TTI/Milwaukee backgrounds.

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