The Zhitong Finance App learned that Jefferies released a research report stating that it believes that the valuation of Fuwei Group (01828.HK) is attractive and raised the target price from HK$37.4 to HK$40.9, reaffirming the “buy” rating. FW's business growth accelerated in the first half of the year, gross margin improved, and operating leverage continued to show, and demand in Hong Kong remained resilient. Although economic fluctuations are still a drag, core business performance is better than expected. Among them, FW's mid-term annualized premium was 1% higher than the bank's forecast, and the value of the new business was 15% higher than expected. Changes in the product portfolio led to an increase in profit margins.

The Zhitong Finance App learned that Jefferies released a research report stating that it believes that the valuation of Fuwei Group (01828.HK) is attractive and raised the target price from HK$37.4 to HK$40.9, reaffirming the “buy” rating. FW's business growth accelerated in the first half of the year, gross margin improved, and operating leverage continued to show, and demand in Hong Kong remained resilient. Although economic fluctuations are still a drag, core business performance is better than expected. Among them, FW's mid-term annualized premium was 1% higher than the bank's forecast, and the value of the new business was 15% higher than expected. Changes in the product portfolio led to an increase in profit margins.