The Total Return for Stella International Holdings (HKG:1836) Investors Has Risen Faster Than Earnings Growth Over the Last Year
STELLA HOLDINGS: Interim Report 2024
STELLA INTL HLDG To Go Ex-Dividend On September 5th, 2024 With 0.83377 USD Dividend Per Share
Macquarie: Maintains a "underperform" rating on Stella Holdings, target price lowered to HKD 11.
Macquarie released a research report stating that it maintains a 'underperform' rating on Stella Holdings (01836) due to the company lowering its average selling price guidance, resulting in an 8%, 3%, and 5% decrease in net profit forecasts for 2024 to 2026. Concerns that growth momentum may peak led to the target price being lowered from HK$11.4 to HK$11. In the first half of this year, the company's revenue increased by 7.5% year-on-year, while net profit increased by 65% year-on-year. Excluding the impact of fair value losses from Lanvin Group, net profit for the period increased by 54% year-on-year. The bank stated that although the management continues to strive to improve efficiency and achieve higher profit margins
Macquarie: Maintains a 'underperform' rating on Stella Holdings (01836), with a target price lowered to HK$11.
Macquarie has downgraded Stella Holdings (01836) net profit forecast for 2024 to 2026 by 8%, 3% and 5% respectively.
Results: Stella International Holdings Limited Exceeded Expectations And The Consensus Has Updated Its Estimates
Daiwa: Stella Holdings upgraded to 'shareholding' rating, target price raised to HK$16.2.
Morgan Stanley released a research report stating that Stella Holdings (01836) is still one of the preferred footwear manufacturers, benefiting from the recovery in demand for luxury goods and fashion footwear, as well as improved growth in sports shoes. The new cash back plan could also boost market sentiment for the stock. Due to the positive investment sentiment brought by the cash back plan, clear prospects for orders in the second half of the year, reduced concerns about macro uncertainties, and good order visibility, Morgan Stanley has raised the target price for Stella Holdings from HK$15.8 to HK$16.2, which is equivalent to a PE ratio of 10 times, and the rating is "hold".
Daiwa: Upgrades stella holdings (01836) to "shareholding" rating, with target price raised to HK$16.2
Stella Holdings (01836) is still one of the preferred footwear manufacturing factories for Morgan Stanley.
Hong Kong stocks are on the move, with Stella Holdings (01836) now up more than 10%. The adjusted net profit for the first half of the year increased by 54.1%, and a special dividend and buyback are expected for the next three years.
Stella Holdings (01836) is now up more than 10%, as of the time of publication, up 10.34%, at 14.72 Hong Kong dollars, with a turnover of 3.4214 million Hong Kong dollars.
Express News | Stella’s First-Half Net Profit Surges 54% and Cash Balance Doubles
Stella Holdings (01836) will distribute an interim dividend of HK$0.65 per share on September 20.
Stella Holdings (01836) announced that it will distribute an interim dividend of HKD 0.65 per share on September 20, 2024...
Stella Holdings (01836.HK): Adjusted net profit for the first half of the year increased by 54.1% to 92.9 million US dollars.
Stella Holdings (01836.HK) announced that for the six months ending June 30, 2024, revenue increased by 7.5% to 0.77 billion US dollars; gross margin increased by 2.7 percentage points to 25.8%, and the reported operating profit margin increased from 9.0% in the same period last year to 12.9%; adjusted net profit increased by 54.1% to 92.9 million US dollars, and a mid-term dividend of 65 Hong Kong cents per share was declared. During the reporting period, shipments increased by 12.3%, mainly driven by sports shoe products. The net cash position is strong, amounting to 0.3261 billion US dollars, as of June 30, 2023.
Express News | Stella International - Hy Revenue Increased by 7.5% to US$770.0 Mln
Express News | Stella International - Interim Dividend of HK65 Cents per Share
Express News | Stella International - Hy Adjusted Net Profit Increased by 54.1% to US$92.9 Mln
STELLA HOLDINGS: Interim Results for the Six Months ended 30 June 2024
Is Stella International Holdings Limited's (HKG:1836) Recent Performance Tethered To Its Attractive Financial Prospects?
Stella Holdings' MSCI ESG rating has been upgraded to 'A'.
On August 7, 2024, Stella Holdings Limited ("Stella" or "the Group"; Stock Code: 1836) a leading manufacturer of high-quality footwear and leather products, proudly announced that its environmental, social, and governance (ESG) ratings had been upgraded by MSCI from a B rating to an A rating. The upgrade reflects Stella's relentless efforts in sustainability and transparency. In 2023, the Group established clear core concepts, objectives, and strategies for sustainable development, aimed at promoting its growth.
Is Now The Time To Put Stella International Holdings (HKG:1836) On Your Watchlist?
Haitong Sec: Maintains "outperform" rating for Stella Holdings (01836) with a fair value of HKD 15.94-17.53.
With the optimization of production and operation efficiency, the profit level of Stella Holdings will further increase in 24 years, as determined by Haitong Sec.
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