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<Research>Citi: VTECH HOLDINGS Interim Results Slightly Miss on Gigaset Sales Adjustment After Account Consolidation
VTECH HOLDINGS (00303.HK)'s interim results for FY25 were slightly below expectations, with revenue dropping by 4.5% primarily due to Gigaset sales adjustment after the consoli...
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<Research>Citi: VTECH HOLDINGS Interim Results Slightly Miss on Gigaset Sales Adjustment After Account Consolidation
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VTECH HOLDINGS (00303.HK)  +1.100 (+2.107%)    Short selling $2.05M; Ratio 10.281%   's interim results for FY25 were slightly below expectations, with revenue dropping by 4.5% primarily due to Gigaset sales adjustment after the consolidation into the group's account, and net profit falling by 6.6% to US$87.4 million, according to a report from Citi.

The broker estimated Gigaset's initial contribution to the group to account for around 4%. Management mentioned that as Gigaset's run rate improved to pre-acquisition levels in October, Gigaset has begun to reach a break-even state.

The broker kept a Buy rating on VTECH HOLDINGS, with a target price of $65.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-30 16:25.)

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