Changes in Hong Kong stocks | Quanfeng Holdings (02285) rebounded more than 5%, and the company has a strong competitive advantage. New team collaboration is expected to accelerate business development

The Zhitong Finance App learned that Quanfeng Holdings (02285) rebounded more than 5%. As of press release, it had risen 5.03% to HK$32.16, with a turnover of HK$24.829 million.

According to the news, on October 30, Quanfeng Holdings announced a new round of the Advanced Momentum Program, a global management trainee program, with the goal of reserving the management talents needed for the next ten years or more. In September of this year, Joseph Galli Jr., the former CEO of Chuangke Industrial, joined Quanfeng Holdings as the new CEO and launched an executive recruitment campaign. Up to now, the company has appointed a number of management talents with TTI/Milwaukee backgrounds to further improve sales, strategic customers, end user research and supply chain management systems in the North American region.

Shen Wan Hongyuan previously released a research report saying that the company has strong competitive advantages: platform barriers: the EGO 56V battery ecosystem has a deep moat; channel depth: from Lowe's exclusivity to multi-level retail networks, revenue sources are gradually diversifying. Furthermore,. The new team collaborates around product research and development, professional channels, terminal sales and talent training, which is expected to accelerate the expansion of the FLEX professional tools business and push Quanfeng into a new stage of growth.