The Zhitong Finance App learned that CMB International released a research report stating that the investment rating of Huahong Hongli (01347.HK) was raised from “hold” to “buy”, and the target price was raised 7% from HK$97 to HK$104. The bank pointed out that Huahong's performance in the third fiscal quarter was strong. Current business revenue and gross margin both exceeded guidelines. Consolidated revenue (including Hualiwei) reached US$987 million, up 19.9% year on year and 9.9% quarterly.

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