Earnings GuidanceThe company's 2024 guidance remains steady with expectations for topline growth between 12-15%, propelled by increased demand in sportswear and casual wear.
Financial AdvantageThe company has experienced a notable advantage with a significantly lower income tax rate, the most reduced since the latter half of 2020, enhancing its financial position.
Investment RecommendationWith a solid reputation as the largest integrated fabrics and garment manufacturer in China, the company's stock is rated a BUY, with an adjusted target price of HK$94.3.