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Morgan Stanley predicts that the profits of Chuangke Industry will improveblackjackgameonline, the power tool industry is facing a turning point
A report from Morgan Stanley statesblackjackgameonline, Chuangke Industrial's profit prospects are promising and it is expected to enter a long-term cycle of rising profits. The report is based on the latest observations of the supply chain and shows that the low tide for the power tool industry may be over. Morgan Stanley further analyzed that Chuangke's orders in the first four months of 2022 increased by 10% to 15% compared with the same period last year, which indicates that the company's sales confidence in the market is stable, and it is also actively stocking up to cope with expectations. Demand growth. Based on this analysis, Morgan Stanley re-evaluated the valuation of Chuangke's share price and raised its target price from HK$108 to HK$116, reflecting an increase in its earnings forecast. Morgan Stanley maintains an "overweight" rating on the stock. Morgan Stanley predicts that Chuangke's profits will increase by 20% in 2022 and expects profits to increase by another 22% in 2023, showing a positive outlook for the company's future performance.