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hingtex hldgs (01968) released its interim results, with a shareholder's attributable loss of 17.144 million Hong Kong dollars, a year-on-year narrowing of 11.9%.
Hingtex Holdings (01968) has released its interim results for the six months ended June 30, 2024, and the group has achieved profits...
HINGTEX HLDGS: Announcement of Interim Results for the Six Months Ended 30 June 2024
Haitong Securities: Continuous destocking of polyester filament factories, expecting improvement in end demand.
As the inventory of rayon continues to decrease, Haitong Securities expects downstream demand to further improve with the approach of the traditional peak season in September and October.
Hingtex Hldgs (01968.HK) held a board of directors meeting on August 30 to approve the publication of mid-term performance.
Hingtex Hldgs (01968.HK) announced that the board of directors meeting will be held on August 30, 2024 (Friday) to approve the publication of the unaudited comprehensive financial performance of the company and its subsidiary companies for the six months ending on June 30, 2024 and to consider the declaration of interim dividends (if any).
China Textile Import and Export Chamber of Commerce: China's textile industry foreign trade is expected to continue the steady recovery trend in the second half of the year.
From January to June, the trade volume of textile and outfits reached 153.57 billion US dollars, a year-on-year increase of 1.7%, of which the export amount was 143.24 billion US dollars, an increase of 1.6%, and the import amount was 10.33 billion US dollars, an increase of 3.8%. The cumulative trade surplus was 132.91 billion US dollars, an increase of 1.4%.
GTJA: Currently, the downstream inventory clearance of the footwear and apparel industry has basically ended, and the trend of order recovery is not a concern.
At present, the downstream destocking has basically come to an end. Judging from the order tracking situation of the top manufacturing companies, the trend of order recovery is secure. Especially the leading companies have the logic of seizing market share and expanding customer base, which is worth looking forward to.
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