Morgan Stanley: Maintains Yue Yuen Industrial (00551.HK) "In-Line" Rating, Target Price HK$12.5

Zhitong Finance APP has learned that Morgan Stanley issued a research report stating it maintains a "Market Perform" rating on Yue Yuen Industrial (Holdings) Limited (00551.HK) with a target price of HK$12.5. The bank noted that the company issued a profit warning, expecting net profit for the first three quarters of this year to decline by approximately 50% to 55% year-on-year, while net profit for the same period in 2025 was close to US$279 million.