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[Brokerage Focus] Guosen maintains the "outperform market" rating on Pou Sheng Int'l (03813), expecting its fourth-quarter sales to improve sequentially.
Jinwu Financial News | Guosen Securities research indicates that due to the weak domestic retail environment, Pou Sheng Int'l (03813) reported a 10.8% year-on-year decline in third-quarter revenue to 4 billion yuan; net income attributable to the parent company increased by 40.0% year-on-year to 0.01 billion yuan. The discount rate remained stable year-on-year in the third quarter, and the gross margin increased by 1.5 percentage points year-on-year to 33.5%. In terms of expenses, the company actively sought to reduce rent charges, closed underperforming stores, and improved labor efficiency, resulting in a 7.8% year-on-year reduction in total sales and management expenses to 1.37 billion yuan for the third quarter; however, the proportion of fixed costs increased due to the decline in revenue, leading to a rise in sales/management expense ratios respectively.
Guosen: Maintains pou sheng int'l "outperform market" rating, target price lowered to HKD 0.59-0.69.
Guosen has released a research report stating that it maintains a "bullish" rating on Pou Sheng Int'l (03813), based on significant short-term retail environment pressures, slightly adjusting its profit forecast, expecting net income for 2024-2026 to be 0.49/0.62/0.76 billion yuan, year-on-year -1%/+27%/+23%; lowering the target price to 0.59-0.69 Hong Kong dollars. There is optimism for short-term profit improvement and sustainability of medium to long-term growth momentum. Looking ahead, even though short-term revenue growth is pressured by weak consumer power, profit margins are expected to continue improving on a foundation of healthy inventory and stable discounts. Guosen mainly.
Pou Sheng International (Holdings) Limited (HKG:3813) Interim Results: Here's What Analysts Are Forecasting For This Year
Goldman Sachs: Raised the target price of Yue Yuen Ind (00551) to HK$21, lowered pou sheng int'l (03813) to HK$0.87, maintaining a 'buy' rating on both.
Goldman Sachs raised yue yuen ind (00551) profit forecast for 2024-2026 by 13-18%.
Selected Announcement | leapmotor Q3 revenue increased by 74.3% year-on-year to 9.86 billion yuan; q tech October camera module sales increased by over 10%
① china life insurance's original premium income exceeded 620 billion yuan this year, what is the growth rate? ② q tech's camera module sales in October increased by over 10%, what highlights are there in other business?
Hong Kong stock market morning report on November 12: US stocks closed higher, with most China concept stocks strengthening. Hong Kong Exchanges and Clearing will continue to optimize the Shanghai-Hong Kong Stock Connect.
① COP29 opened in Azerbaijan. ② The Hong Kong Stock Exchange stated that it will continue to optimize the Shanghai-Hong Kong Stock Connect trading mechanism and related services, continuously improve the Bond Connect and Swap Connect arrangements. ③ The three major US stock indexes collectively closed higher last night, with most China concept stocks strengthening. ④ Japan intends to introduce a ¥10 trillion support policy for semiconductors and artificial intelligence. ⑤ Bitcoin broke through $0.088 million.
Results: Pou Sheng International (Holdings) Limited Exceeded Expectations And The Consensus Has Updated Its EstimatesNo Data
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