00052 FAIRWOOD HOLD
- 6.810
- -0.040-0.58%
FAIRWOOD HOLD News
Fairwood Holdings (00052.HK) issued a profit warning: It is expected that the mid-term net profit will decrease by 50% to 60%.
Gluing November 4th, Fairwood Holdings (00052.HK) announced that for the six months ended September 30, 2024, the group recorded a 50% to 60% decrease in the shareholders' share of profits for the period compared to the six months ended September 30, 2023, amounting to approximately HK$36.3 million. The announcement stated that this decline was mainly attributed to (1) the continued trend of mainland residents going north to consume; (2) downgrading of consumption in China, Hong Kong, and mainland China; (3) the closure during this period of stores that did not meet performance standards resulting in increased relevant expenses and impairment provisions compared to the same period last year.
Express News | Fairwood Holdings - Expected Result Due to Continuation of Northbound Spending Trends of Local Residents, Others
Express News | Fairwood Sees Decrease of 50% to 60% in Profit Attributable for Six Months
FAIRWOOD HOLD: Profit Warning
Daiwa: After the opening of A shares, Hong Kong real estate, consumer, and financial stocks will experience a pullback, but this is healthy.
JPMorgan believes that the forward price-earnings ratio of the Chinese stock market has significantly rebounded, indicating a shift in policy towards the inflation direction released by the combination of monetary/real estate assets, and also reflects the market's high expectations for fiscal stimulus policies. However, the short-term outlook may be too optimistic. After the A-share market opens, with more individual investors entering, its performance may outperform Hong Kong stocks.
FAIRWOOD HOLD: Supplemental Information to the Annual Report for the year ended 31 March 2024
Fairwood Holdings (00052) fell 12.20%, now trading at 7.200 yuan, hitting a new 52-week low.
As of 11:07, Fairwood Holdings (00052) fell 12.20% compared to the previous closing price, now at 7.200 HKD, hitting a 52-week low; the volume was 0.039 million shares, with a turnover of 0.2782 million HKD.
Do These 3 Checks Before Buying Fairwood Holdings Limited (HKG:52) For Its Upcoming Dividend
FAIRWOOD HOLD: Annual Report 2023/2024
Fairwood Holdings subsidiary intends to acquire Hong Kong property for HKD 62.88 million.
Fairwood Hold (00052) announces that on June 29, 2024, the buyer (an indirectly wholly-owned subsidiary of the company called Fairwood Fast Food Limited) intends to purchase the property from the seller (Mama Wood Group Co., Ltd.) for HKD 62.88 million. The property refers to shops 757-764, G/F, Choi Yee Garden, 242 Choi Hung Road, Kowloon, Hong Kong, China.
Fairwood Holdings (00052.HK) plans to acquire a Kowloon shopping center for HKD 62.88 million.
Fairwood Holdings (00052.HK) announced on July 1st that on June 29, 2024, the buyer (an indirectly wholly-owned subsidiary of the company) and the seller concluded a preliminary agreement. Accordingly, the buyer agreed to purchase and the seller agreed to sell the property for HKD 62.88 million. The property is located at Shops 757, 758, 759, 760, 761, 762, 763 and 764, G/F, Chi Yip House, No. 242 Choi Hung Road, Kowloon, Hong Kong. It is a non-residential property with a total floor area of approximately 3,588 square feet. Since 2015, the buyer has been operating a fast food restaurant in the property. Through.
Express News | Fairwood Holdings Ltd - Deal for HK$62.9 Mln
Express News | Fairwood Holdings Ltd - Acquisition of Property
Fairwood Forecasts 13% Profit Growth in Fiscal 2024
Fairwood Hold (00052) will distribute a final dividend of HKD 0.3 per share on October 3.
Fairwood Holdings (00052) has announced that it will distribute a final dividend of HKD 0 per share on October 3, 2024.
Fairwood Hold (00052.HK): Annual revenue increased to HKD 3.137 billion, recommended to distribute final dividend of 30 Hong Kong cents per share.
Fairwood Hold (00052.HK) announced that its revenue for the fiscal year ended March 31, 2024 was HKD 3.1369 billion, an increase of 3.7% year-on-year. The company's equity shareholders attributed a surplus of HKD 50.657 million for the year, an increase of 12.9% year-on-year, and the basic earnings per share was HKD 0.3910. It is recommended to distribute a final dividend of HKD 0.30 per share, with a total annual dividend payout of HKD 0.41 per share and a dividend payout ratio of approximately 105%. The Group maintains a sound financial position with bank deposits, cash, and cash equivalents held as of March 31, 2024.
Express News | Fairwood Holdings FY Net Income Attributable HKD 50.7 Million
Express News | Fairwood Holdings Ltd - Final Dividend of HK30.0 Cents per Share Was Proposed
Express News | Fairwood Holdings FY Gross Margin 8.6%
Express News | Fairwood Holdings FY Adjusted Net Income HKD 49.3 Million
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