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Solid Earnings Reflect Texhong International Group's (HKG:2678) Strength As A Business
Returns On Capital At Texhong International Group (HKG:2678) Have Stalled
HK Stock News: Texhong International Group (02678) is currently up nearly 7%. It is expected that the order volume and price in the second half of the year will continue to recover and the company's early global layout.
Texhong intl gp (02678) is now up nearly 7%, as of press time, up 6.8% to HK$3.77, with a turnover of 4.7485 million Hong Kong dollars.
TEXHONG INTL GP: INTERIM REPORT 2024
Guosen brokerage maintains a "outperform the market" rating on Texhong Intl Gp (02678), expecting the volume and price of orders to continue to recover and warm up in the second half of the year.
Golden Finance News | Guosen Securities issued a research report stating that Texhong International Group (02678) is a leading global cotton yarn manufacturer. In the first half of 2024, the company's revenue increased by 4.2% year-on-year to 11.24 billion yuan, mainly driven by the growth of the yarn business; the net income attributable to the parent company was 0.27 billion yuan, turning from a loss of 0.75 billion yuan in the same period last year to a profit. The gross margin increased significantly by 10.8 percentage points to 13.2% compared to the same period last year, and by 3.1 percentage points compared to the previous period, mainly benefiting from the recovery of production capacity utilization and the completion of digestion of high stock price inventory costs at the end of last year. The bank also pointed out that the company is more focused on the yarn business: 1) yarn business
Texhong Intl Gp (02678) will distribute an interim dividend of HK$0.1 per share on October 18th.
Texhong Intl Gp (02678) announced that the company will distribute mid-term dividends on October 18, 2024, with each...
Is It Too Late To Consider Buying Texhong International Group Limited (HKG:2678)?
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