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The Return Trends At Stella International Holdings (HKG:1836) Look Promising
Macquarie: Maintains STELLA HOLDINGS 'Underperform' rating, Target Price raised to 12 HKD.
Macquarie released a research report stating that STELLA HOLDINGS (01836) saw a 3% year-on-year increase in freight volume in the fourth quarter. However, due to an unfavorable product mix and declining raw material prices, the average price dropped by 3.1%. The group's revenue fell by 1.1% year-on-year. The firm has raised its net income forecast for the fiscal years 2024 to 2025 by 4.7% and 8%, with the Target Price increased by 9%, from HKD 11 to HKD 12, while maintaining a "underperform" rating. The firm cited STELLA HOLDINGS' management as stating that due to weakened orders from Luxury Goods brands and a shift towards lower average price products, it is expected that the group's sales growth will reach 5% this year, while the average price is expected to decline by 1 to 2%.
Announcement Highlights | Tencent reduces its shareholding in Weimob and UBTECH, cashing out over 1.6 billion Hong Kong dollars; COSCO SHIP ENGY anticipates a net profit increase of 17.2% for 2024.
BE FRIENDS HLDG's annual Commodity Trade volume increased by about 20%; Q TECH: In December, the sales volume of mobile phone camera modules was approximately 30.595 million units, a month-on-month decrease of 24.1% and a year-on-year decrease of 12.4%.
STELLA HOLDINGS (01836.HK): Shi Nansheng will step down as an independent non-executive Director.
On January 9, Gelonghui reported that STELLA HOLDINGS (01836.HK) announced that Shi Nansheng has notified the Board of Directors regarding his resignation plan and will step down as an independent non-executive director upon the expiration of his current term (January 16, 2025). Therefore, after resigning as an independent non-executive director, Shi Nansheng will also step down as a member of the company's nomination committee.
STELLA HOLDINGS (01836.HK) plans to hold a Board of Directors meeting on March 20 to approve the annual performance.
Glory Financial reported on January 9 that STELLA HOLDINGS (01836.HK) announced that the Board of Directors will hold a meeting on March 20, 2025 (Thursday) to consider and review the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and to consider the proposal for the final dividend distribution.
STELLA HOLDINGS: Notice of Board Meeting
