UBS released a research report sayingfreevideopokergamesforfun, Minhua Holdings (01999)'s valuation is at a reasonable level, downgraded its rating from "Buy" to "Neutral", and raised its earnings per share forecast for 2025 and 2026 by 8% and 5% to a year-on-year decline of 14% and 1%, with the target price from 6freevideopokergamesforfun.3 HKD increased to 7freevideopokergamesforfun.1 Hong Kong dollar.

The report said that driven by the improvement of overall market sentiment, expectations of US interest rate cuts, China's real estate support policies, and exceeding expectations for fiscal year 2024, the companyfreevideopokergamesforfunThe share price of the company has rebounded by more than 50% since mid-February. However, its fundamentals are not without any challenges. Among them, after the U.S. market channel is rereplenished, it no longer has an advantage in terms of inventory levels, and demand remains sluggish; at the same time, in the domestic market, declining consumption levels and intensified competition have put pressure on the average selling price and profit margins of products.