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Americans Are Expecting a Tariff-fueled Price Surge. Corporate America Says They're Right: Morning Brief
ZKH Group | 20-F: FY2024 Annual Report
ZKH Group Falls -9.0%
Deutsche Bank maintains a Buy rating on ZKH Group with a Target Price of $4.50 and is Bullish on its long-term growth potential.
Deutsche Bank has released a Research Report indicating that ZKH Group (ZKH.US) exceeded expectations for its performance in the fourth quarter of 2024, with total revenue and adjusted Net income surpassing market expectations by 4% and 19% respectively. Based on the strong fourth quarter performance, Deutsche Bank has raised its revenue and adjusted Net income forecasts for ZKH Group in 2025, increasing them by 3% and 55%, respectively, with revenue expected to grow 11% year-on-year and the adjusted Net income margin further rising to +0.4%. Additionally, management mentioned that the Business adjustments are largely complete, expressing confidence in a rapid revenue recovery and achieving full-year profitability in 2025. In China MRO procurement services.
Huaxing Capital: It is expected that revenue and Net income will turn positive year-on-year by 2025, reiterating the Target Price of ZKH Group (ZKH.US) at 4.50 dollars.
Huaxing Capital maintains a "Buy" rating (BUY) for ZKH Group Stocks and a Target Price of $4.50.
ZKH Group Falls -4.3%
