Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Cuts WANT WANT CHINA (00151.HK) TP to $5.2, Lowers Rev. & NP Forecasts
Recommend 0 Positive 0 Negative 2 |
||||
|
||||
|
WANT WANT CHINA (00151.HK) recorded a 2.1% YoY increase in revenue and a 7.8% YoY decrease in net profit for the first half of the fiscal year ended September, both below HSBC Global Research's expectations, primarily due to significantly higher-than-expected operating expenses, according to the research report issued by HSBC Global Research. Starting from FY2025, the Company reorganized its product departments, leading to a notable rise in administrative expenses due to dramatically increased personnel, while advertising and promotional expenses also grew due to the launch of new products. The broker lowered its FY2025-2027 revenue forecasts for WANT WANT CHINA by 1.9%/ 1.9%/ 2.2% each, and lifted its sales and administrative expense ratio forecasts by 1-1.4 ppts. HSBC Global Research also dropped its net profit forecasts by 9.8%/ 9.9%/ 10.5% respectively. Therefore, the broker cut its target price from $5.7 to $5.2, with rating kept at Hold, as the Company's dividend yield was below the industry level. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
