Guotai Junan International: Maintains "buy" rating on Quanfeng Holdings (02285.HK) with performance in the first half of 2025 exceeding expectations.

Smart Finance App learned that CICC International released a research report stating that it is optimistic about Quanfeng Holdings (02285.HK) as a high-quality overseas brand in the current 30-year major renovation and 5-year inventory cycle in the American real estate market. The company is still bullish on demand-side acceleration in the 2-3 year horizon, with Vietnamese exports to the US expected to be fully covered next year, driving profit margin recovery. The company has high-quality assets and deep distribution channels, making it one of the most resilient targets in the current US real estate demand recovery chain. The bank predicts that the company's revenue will increase by +3.6%/+12.0%/+8.5% in 2025-2027, and adjusted net profit will change by -3.0%/+3.3%/+23.7% during the same period, maintaining a "buy" rating.