Citi Identifies Hong Kong Stocks Exporting to the US Market (Table)

The article does not provide specific reasons for the analyst ratings of the stocks mentioned. However, it does include some insights into the market activity, such as net inflow and outflow amounts, short selling data, and stock price changes. For example, CICC maintains a target price for KUAISHOU-W, indicating that their analysis of the company's 3Q results aligns with their expectations. Similarly, Goldman Sachs maintains a "Buy" rating on XIAOMI-W, anticipating that AI technology will drive differentiated development in its ecosystem. These ratings suggest a positive outlook based on the companies' performance and market potential.

The analyst rating from Guotai Haitong Securities for JOHNSON ELEC H (00179.HK) is maintained as "Outperform" despite a mild cut in FY25-27/28 EPS forecasts. This decision is based on the company's active expansion into emerging areas such as humanoid robots and liquid cooling, which suggests potential for growth. Additionally, the target price was raised to HKD52.8, reflecting confidence in the company's future prospects despite anticipated operating pressures in the near term.

The analyst rating for JOHNSON ELEC H was kept at Neutral by Citi due to worse-than-expected results, leading to a 6% cut in their FY26-28 earnings forecast and a reduction in the target price from HKD45 to HKD33. Although the company's management anticipates moderate revenue growth in the second half of FY26, Citi believes that the growth momentum may not be evident until FY27. Additionally, the new businesses (AI liquid cooling pumps and humanoid robot joints) are expected to contribute only 3% of total sales in FY27, which is deemed insufficient to support a major revaluation this year.