No Data
Yue Yuen Industrial (Holdings) Limited (HKG:551) Stock Most Popular Amongst Public Companies Who Own 51%, While Individual Investors Hold 31%
YUE YUEN IND: ANNUAL REPORT 2024
Bank of America Securities: Lower the Target Price of YUE YUEN IND (00551) to 14 Hong Kong dollars, maintaining a "Neutral" rating.
The bank believes that after the gross margin did not meet expectations in the first quarter, the risk of lowering Yue Yuen's earnings per share for the 2025 fiscal year is increasing.
Citi Securities: Maintains YUE YUEN IND "Outperform Market" rating with a Target Price of HKD 19.
CITIC Securities released a Research Report stating that it maintains a "Outperform" rating for YUE YUEN IND (00551) with a Target Price of HKD 19. The firm still believes that the company's wallet share growth theory holds in the face of tariff uncertainties, benefiting from capacity expansion in cost-effective areas such as Central Java, Indonesia, starting from the second half of 2025, and believes that margins will see quarter-on-quarter improvement. The report noted that the group announced a profit warning for the first quarter of 2025, estimating that the Net income for the first quarter will not be less than 75 million USD, reflecting a year-on-year decline of up to 25%, which is 24% lower than the market expectation of 99 million USD. The main reason for the decline.
YUE YUEN IND (00551.HK) expects a decrease in net profit for the first quarter of no more than 25% year-on-year.
On April 17, Gelonghui reported that YUE YUEN IND (00551.HK) announced its expectation that the profit attributable to the company’s owners for the three months ending March 31, 2025, will decrease by no more than 25% compared to a profit of 0.1 billion USD for the same period in 2024. According to the group's current information, the decline in profit is mainly due to fluctuations in the operating environment caused by the complex and changing Global economic landscape, which has led to an increase in unit costs of footwear manufacturing, thereby negatively impacting the gross margin: 1. Decreased production efficiency: Uneven capacity utilization across various manufacturing plants, as well as slower-than-expected ramp-up progress for new production lines and newly established upper processing plants, have resulted in production inefficiencies.
Express News | Yue Yuen Industrial - Profit Decrease Due to Increased Unit Costs and Volatile Environment in Qtr
Is Yue Yuen Industrial (Holdings) Limited (HKG:551) Potentially Undervalued?
