01044 HENGAN INT'L
- 23.650
- +0.050+0.21%
HENGAN INT'L News
Hengan International Group Company Limited's (HKG:1044) Intrinsic Value Is Potentially 75% Above Its Share Price
Hengan International Group (HKG:1044) Sheds HK$988m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Five Years
Senior Key Executive Lin Chit Hui, Hengan International Group Company Limited's (HKG:1044) Largest Shareholder Sees Value of Holdings Go Down 3.4% After Recent Drop
[Brokerage Focus] First Shanghai cuts Hengan Int'l (01044) target price by 20%, but expects its performance to be better than the industry.
First Shanghai's research report states that Hengan Int'l (01044) saw a 5.1% increase in revenue to HKD 23.77 billion in 2023 (benefiting from the boost in tissue sales (+12.2%) and fast-growing e-commerce channel (+17.7%, accounting for 30.1% of revenue)). Gross margin declined by 0.3 percentage points to 33.7% (mainly due to the rise in raw material prices in the first half of the year and increased promotion expenses). The bank predicts fierce competition in the industry in 2024, but expects the group to outperform the industry. It is expected that the revenue of tissue, sanitary napkins and diaper business will increase by low single digits in 2024.
Jefferies maintains a “hold” rating on Hengan Intl (01044) with a target price of HKD 26.
Furi predicts that the sales growth of Hengan International's diapers will accelerate to a high single-digit percentage in 2024.
Jefferies Adjusts Hengan International Group's Price Target to HK$26 From HK$28.56, Keeps at Hold
Phillip Securities Upgrades Hengan International to Buy From Accumulate; Price Target Is HK$35.18
Hengan Int'l (01044.HK) received a shareholding of 15,280,300 shares from Lazard Asset Management LLC.
On May 31, 2024, Hengan Intl (01044.HK) received 15,280,300 shares increase in shareholding from Lazard at an average on-exchange price of HKD 27.20 per share, with a total value of approximately HKD 416 million, as per the latest equity disclosure data from the HKEX. After the increase, Lazard Asset Management LLC's latest number of shares held increased to 64,140,800 shares, and the shareholding ratio increased from 4.20% to 5.52%.
Some Investors May Be Worried About Hengan International Group's (HKG:1044) Returns On Capital
Zhitong Hong Kong Stock Market Unravels | Fishtail Prickly Market Returns to High Dividends, Multiple Benefits Stimulate Medicine
Sure enough, the “fish tail is prickly” market. Both markets have adjusted today, and the net sales of Northbound Capital today were 4,044 billion yuan. The Hang Seng Index closed down 0.90%, falling below the 5-day EMA.
Hengan International (01044.HK): The trustee purchased 5.4 million shares under the share award scheme
Gelonghui, May 7, 丨 Hengan International (01044.HK) announced that during the period from March 25 to May 6, 2024 (including the first and last two days), the trustee purchased a total of 5.4 million shares in the open market under the share award scheme. The average price of each share purchased (excluding transaction costs) was approximately HK$25.18, and the total cost of purchasing shares (excluding transaction costs) was HK$136 million.
Does Hengan International Group (HKG:1044) Have A Healthy Balance Sheet?
Pinning Down Hengan International Group Company Limited's (HKG:1044) P/E Is Difficult Right Now
Hengan International Issues Clarification on Coupon Rate of 2.5 BIllion Yuan Super Short-term Commercial Paper
HENGAN INT'L: ANNUAL REPORT 2023
UBS: Maintaining Hengan International's “Buy” Rating and Raising the Target Price to HK$34.32
UBS released a research report stating that considering valuation and dividend rate attractiveness, the profit forecast for 2024 to 2026 remains largely unchanged, maintaining the Hengan International (01044) “buy” rating. Due to increased competition in the three core business areas, the revenue forecast for the period was lowered by 5% to 12%. At the same time, referring to the company's stable pricing strategy, the net profit margin forecast was raised by 0.8 to 1.5 percentage points, and the target price was raised from HK$33 to HK$34.32. According to the report, the company's revenue growth in the second half of last year was lower than the market and the bank's expectations. Among them, the revenue growth rate slowed by half a year, and weak sales growth was mainly affected by the public sector
Damo: Target price for Hengan International (01044) “Synchronize with the market” rating reduced to HK$27
Damo predicts that Hengan International's sales will increase by 4% per year from this year to 2026.
Daiwa: Reiterates Hengan International's “Better Than Market” Rating Target Price Raised to HK$30
Daiwa released a research report stating that it reaffirmed Hengan International's (01044) “superior to the market” rating and raised the 2024-25 profit forecast by 5%-7% to reflect a higher operating margin. The target price was raised from HK$29 to HK$30. The company's recurring profit in the second half of the year after adjustment for exchange factors reached RMB 1.6 billion, up 32% year on year, far exceeding expectations. Yamato pointed out that Hengan International's profit for the second half of the year was mainly due to the Group's profitability benefiting from lower raw material prices and savings in operating expenses. Management's goal this year is to maintain market share and further improve profit margins, considering that the dividend ratio has reached 6% and now
Daiwa: Reiterates Hengan International's (01044) “Better Than Market” Rating Target Price Raised to HK$30
Daiwa raised Hengan International's (01044) profit forecast of 5%-7% for 2024-25.
Lyon: Lowering Hengan International's rating to “outperform the market”, and the target price was reduced to HK$27
Lyon released a research report stating that the rating of Hengan International (01044) was downgraded from “buy” to “outperform the market”, and sales and core net profit forecasts for this year and next year were lowered by 2% to 4%, but the net profit forecast was basically maintained, and the target price was lowered from HK$35 to HK$27. The company's sales last year were slightly lower than expected, but net profit beat expectations due to improved profit margins and narrowing foreign exchange losses. According to the report, Hengan's sales growth slowed to 1% in the second half of last year, but due to discount control and falling raw material prices, gross margin and net profit margin increased 3.7 and 7.9 percentage points, respectively. The anticipation is that in competition
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