H&H International Holdings (01112.HK) held a board of directors meeting on August 27 to consider and approve mid-term performance.
H&H International Holdings (01112.HK) announced that it will hold a board of directors meeting at 9:00 am on Tuesday, August 27, 2024 (tentatively) at units 4007-09, 40/F, One Island East, 18 Westlands Road, Quarry Bay, Hong Kong to consider and approve the Group's interim results for the six months ended June 30, 2024, the payment of interim dividends (if any), and deal with other matters.
H&H INTL HLDG: Date of Board Meeting
Citigroup: Reiterated the "buy" rating for H&H International Holdings, with target price lowered to HKD 11.8.
Citi released a research report stating that it reiterated its "buy" rating for H&H International Holdings (01112) with a target price lowered from HKD 15.6 to HKD 11.8. The company initially expects a 45% to 55% drop in net profit for the first half of the year, and a 30% to 40% drop in adjusted net profit, which is lower than the bank's expectations. The bank believes that the decline in profit is due to a decrease in revenue and EBITDA profit margin from the same period last year, as well as rising financing costs. The revenue and EBITDA profit trends are both lower than expected, mainly due to the slowdown in ANC's second-quarter sales, the decrease in BNC's operating leverage due to sales decline, and the restructuring costs of PNC.
HK stock anomaly | H&H International Holdings (01112) fell more than 3%. The income in the first half of the year saw a low double-digit decline. After adjustment, the comparable net profit is expected to fall by more than 30%.
H&H International Holdings (01112) fell more than 3%, as of press time, down 2.7% at HK$8.64, with a turnover of HK$1.5842 million.
Hong Kong stock announcement: Pop Mart is expected to achieve a mid-term profit increase of no less than 90% year-on-year. Luk Fook Group's overall retail value fell by 18% year-on-year in the first quarter.
H&H International Holdings Limited (01112) is expected to see a decline in adjusted net profit of 30% to 40% YoY in the first half of this year.
H&H's Revenue Down in H1; Profit Forecast to Fall Up to 55%
H&H International Holdings (01112.HK): It is expected that the adjusted comparable EBITDA will record a 10% to 20% decline in the medium term.
On July 18th, Gelunhui reported that H&H International Holdings (01112.HK) announced that in the six months ending on June 30, 2024, the total revenue of the group recorded a low unit number decline compared to the same period last year, based on reporting and similar benchmarks. The main reason for this decline is the decrease in sales of infant formula after the transition to the new "national standard approval" infant formula series. Part of the decline was offset by the low double-digit revenue growth of the group's adult nutrition and care products division and the stable unit revenue growth of its pet nutrition and care products division. As of the six months ending on June 30, 2024, the group is expected to be adjusted.
Express News | Health and Happiness (H&H) International Sees Hy Adjusted Ebitda Margin to Stay at Mid-to-High Teens
Express News | Health and Happiness (H&H) International Sees Adjusted Ebitda of Group for Hy to Record Decline in Range of 10%-20%
Express News | Health and Happiness (H&H) International - in Hy, Total Revenue Recorded a Low-to-Mid Single-Digit Decrease Vs Pcp
H&H International Holdings (01112.HK): refinancing for a periodic loan of 0.15 billion US dollars has been approved for use.
On July 10th, Gelonghui announced that H&H International Holdings (01112.HK) has been informed that it has already used refinancing term loan financing of an amount equivalent to $0.15 billion, as requested by the group due to the prerequisites of using refinancing term loan financing having been met.
Health and Happiness Countersigns Commitment Letter for Two Loan Facilities
H&H International Holdings (01112.HK): Jointly signed commitment letter issued by several financial institutions involving a total of USD 560 million in refinancing credit.
On July 2, Guolonghui reported that H&H International Holdings (01112.HK) announced that on July 1, 2024, the company added a commitment letter issued by several financial institutions (as the exclusive authorized lead arranger, exclusive book manager, exclusive underwriter and original lender) as the credit party regarding several refinancing credits totaling $560 million. According to the terms of the commitment letter, the credit parties have each agreed to irrevocably underwrite $540 million of senior term loan financing ("Term Financing") and $20 million of revolving credit financing ("Revolving Financing").
H&H International Holdings (01112.HK) has reached a silver consortium financing agreement.
On June 27th, Gelunhui announced that H&H International Holdings (01112.HK) has signed a syndicated loan agreement for offshore RMB fixed-term loan financing with a total amount of up to 150 million US dollars with the China Construction Bank (Asia) Limited (as the agent), Hong Kong Shanghai Banking Corporation Limited (as the guarantor agent) as well as the company (as the borrower and original guarantor). The amount of refinancing fixed-term loan financing will be used for the incremental priority financing agreement (which is revised, restated and/or supplemented from time to time) with the original maturity date of June 21, 2018.
Express News | Health and Happiness (H&H) International - Loan for up to US$150 Mln
Express News | Health and Happiness (H&H) International - Syndicated Facilities Agreement Between Co and China Construction Bank (Asia)
The Five-year Shareholder Returns and Company Earnings Persist Lower as Health and Happiness (H&H) International Holdings (HKG:1112) Stock Falls a Further 7.1% in Past Week
Four Seasons and H&H Development Introduce Second Standalone Residential Development in Dubai's World-Class Business and Lifestyle Hub
Health and Happiness' Revenue Down 9% in Q1
H&H International Holdings (01112.HK)'s total revenue for the first quarter fell 8.8% to $2,871 billion
Gelonghui, May 17 | H&H International Holdings (01112.HK) announced that for the three months ended March 31, 2024, total revenue fell 8.8% year-on-year (down 9.3% on a similar comparison basis) to RMB 2,871.4 million on a reporting basis, mainly due to the decline in sales of infant formula after switching to the infant formula series approved by the new national standard. However, our ultra-premium infant formula segment continues to gain market share, making wholesale sales perform better than shipping sales. Adult Nutrition and Care Products Division in Mainland China, Australia and New Zealand (”
No Data