Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Expects SJM HOLDINGS (00880.HK) to Recover Some Lost Mkt Shr, Keeps TP/ Rating at $2.6/ Hold
Recommend 4 Positive 5 Negative 6 |
||||
|
||||
|
SJM HOLDINGS (00880.HK)'s 3Q25 results were broadly in line with expectations, HSBC Global Research issued a research report saying. Of which, the performance of self-operated casinos beat expectations, which was offset by the weak satellite casino results. As the Group winds down its satellite casino business, its satellite casino market share decreased from 5.1% a year ago to the current 3.9%. However, according to the latest agreement, SJM HOLDINGS will be able to directly contact satellite casino customers starting in November. The broker believed that this will help recover some of the lost market share. Therefore, HSBC Global Research kept its target price at $2.6 and rating at Hold. If the transition of satellite casinos proceeds more smoothly, there is upside potential for earnings. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
