Jefferies Adjusts Yihai International Holding's Price Target to HK$13 From HK$14.10, Keeps at Hold
[Brokerage Focus] Soochow Securities maintains a buy rating on yihai intl (01579), with many bright spots in the business of related parties and third parties this year.
Jinwu Finance | Soochow Securities issued a research report, Yihai Intl (01579) achieved H1 revenue of 2.927 billion yuan, +11.9% year-on-year, including related party income of 0.989 billion yuan, +11.5% year-on-year, and third-party income of 1.938 billion yuan, +12.1% year-on-year; net income attributable to the mother company was 0.308 billion yuan, -13.85% year-on-year. The company plans to implement mid-term dividends for the first time, with cash dividends of 0.292 billion yuan and a dividend payout ratio of 95%. The company's net margin in H1 2024 was 10.5%, -3.1pct year-on-year, and the gross margin was 30%, -0.5pct year-on-year, with the primary cause of the decline in gross margin.
The Yihai International Holding Ltd. (HKG:1579) Interim Results Are Out And Analysts Have Published New Forecasts
UBS: Maintains a 'Neutral' rating for Yihai Intl, with a target price of HKD 11.3.
UBS Group released a research report stating that due to concerns about market demand and industry competition, it lowered its sales and net profit forecast for Yihai Intl (01579) for the full year by 1% and 8% respectively, expecting a 11% year-on-year growth and a flat year-on-year. The report expects that the company's business growth and profit margin still face certain challenges, but the downward space of the stock price is limited, maintaining a 'neutral' rating, with the target price lowered from HKD 14 to HKD 11.3. According to the report, the company's management expects double-digit year-on-year growth in revenue in the second half of this year, with the gross margin remaining flat year-on-year, and the trend of raw material costs being stable due to the continuation of the first half-year trend from July to August.
UBS maintains a "neutral" rating on Yihai International (01579) with a target price of HK$11.3.
UBS Group expects that the performance of the traditional peak season in September and October will be a key indicator for whether yihai intl (01579) can achieve its annual target.
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Yihai International Holding's H1 Profit Falls 14% Despite 12% Revenue Growth
yihai intl (01579) released its interim performance, with a net profit attributable to shareholders of 0.308 billion yuan, a decrease of 13.85% year-on-year.
Yihai Intl (01579) released its interim performance for the six months ended June 30, 2024, during which the group achieved...
Express News | Yihai International - Interim Dividend of RMB0.2825 per Share
Express News | Yihai International Holding H1 Gross Profit RMB 877.5 Million
Express News | Yihai International Holding H1 Net Income RMB 334.1 Million
Express News | Yihai International Holding H1 Revenue RMB 2,926.9 Million
Express News | Yihai International Holding H1 Net Income Attributable RMB 308.3 Million
YIHAI INTL: INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
CITIC Securities: How to look forward to the future of the csi sws food & beverage index & liquor sector in the mid-term report?
CITIC Securities released a research report stating that the Q2 light meal chain industry continues to show weak demand, with pressure on store efficiency and expansion.
yihai intl (01579.HK) plans to hold a board of directors meeting on August 27th to approve its interim performance.
Yihai Intl (01579.HK) announced on August 15th that the board of directors meeting will be held on August 27, 2024 (Tuesday), with agendas including the approval of the company and its affiliates' performance report for the 6-month period ending on June 30, 2024, and the consideration of proposing mid-year dividends (if any).
YIHAI INTL: DATE OF BOARD MEETING
Yihai International Holding Ltd.'s (HKG:1579) Share Price Not Quite Adding Up
Pacific Securities: pay attention to investment opportunities in the fields of food and fodder additives, and phosphorus chemicals.
Pacific Securities research reports suggest focusing on investment opportunities in the food and fodder additive, and phosphorus chemicals sectors.
HKEX Movement: yihai intl (01579) drops more than 4% again. Credit Suisse expects its net profit in the first half of the year to decline by a single digit percentage. HSBC thinks that its growth in May and June is lower than expected.
Yihai Intl (01579) dropped more than 4%, as of the time of publication, it fell by 3.75% to HKD 11.8, with a transaction value of HKD 3.8521 million.
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