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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
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