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Hengan International Group Company Limited Goes Ex Dividend Tomorrow
Be Wary Of Hengan International Group (HKG:1044) And Its Returns On Capital
Hengan International Group Company Limited (HKG:1044) Just Released Its Half-Yearly Earnings: Here's What Analysts Think
Bocom Int'l: Lowered Hengan Int'l's target price to 27.01 Hong Kong dollars, and downgraded the rating to "Neutral".
Bocom International released a research report stating that considering the industry valuation is at a level of one standard deviation below the three-year average, the target price of Hengan International (01044) has been lowered to HKD 27.01 with a rating downgrade to 'Neutral.' Due to intensifying competition and short-term uncertainty in revenue growth, the bank lowered its earnings per share expectations. The report stated that the company's revenue growth will continue to be under pressure in the short term due to competition and continued promotional expenses in the second half of the year. With sustained positive feedback from high-end products combined with a continued decrease in raw material costs, the gross margin is expected to continue its improving trend in the second half of the year. Hengan's sales in the first half of 2024 are expected to decrease by 3% year-on-year.
Bocom Intl. has downgraded hengan int'l (01044) target price to 27.01 Hong Kong dollars, and the rating is downgraded to 'neutral'.
Hengan Int'l (01044) distributed a mid-year dividend of RMB 0.7 per share, with a dividend payout ratio of 56.7%.
HENGAN INTL To Go Ex-Dividend On September 10th, 2024 With 0.49021 USD Dividend Per Share
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