TheScreener - Texhong Textile Group (02678) Increased risk weighs on TEXHONG TEXTILE GRP, penalising its rating down to Neutral

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Increased risk weighs on TEXHONG TEXTILE GRP, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of TEXHONG TEXTILE GRP (HK), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date December 28, 2021, the closing price was HKD 10.12 and its target price was estimated at HKD 7.68.

29/12/2021 6 EN

Underlying

Texhong Textile Group

Texhong Textile Group is an investment holding company. Through its subsidiaries, Co. is principally engaged in the manufacture and sale of yarn, grey fabrics and garment fabrics. Co. operates in four main geographical areas: the People's Republic of China, Vietnam, Macao and Hong Kong.

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KYG876551170 Hong Kong Stock Exchange Cayman Islands

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TheScreener

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Increased risk weighs on TEXHONG TEXTILE GRP, penalising its rating down to Neutral

Empowering Investors

Monthly LMI Update Independent Investment Research

Texhong Textile Group Ltd: 1 director sold

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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