CICC: Maintains H&H International Holdings (01112.HK) "outperform" rating, infant formula performance impressive

According to the Securities Times app, CICC released a research report stating that it maintains a target price of HKD 17.7 for H&H International Holdings (01112.HK) and a "outperform" rating. The company's performance in the third quarter was impressive, with revenue increasing by 28.1% year-on-year to HKD 3.79 billion, mainly driven by the better-than-expected growth in the infant formula business (BNC segment revenue increased by 90.6% year-on-year). In addition, the ANC (adult nutrition) and PNC (pet nutrition) segments also maintained steady growth.