Pinning Down Hengan International Group Company Limited's (HKG:1044) P/E Is Difficult Right Now
With a median price-to-earnings (or "P/E") ratio of close to 9x in Hong Kong, you could be forgiven for feeling indifferent about Hengan International Group Company Limited's (HKG:1044) P/E ratio of
Hengan International Issues Clarification on Coupon Rate of 2.5 BIllion Yuan Super Short-term Commercial Paper
Hengan International Group (HKG:1044) clarified that the coupon rate for its issue of the first tranche of super short-term commercial papers is 2.1%, according to a Friday Hong Kong bourse filing. Th
HENGAN INT'L: ANNUAL REPORT 2023
UBS: Maintaining Hengan International's “Buy” Rating and Raising the Target Price to HK$34.32
UBS released a research report stating that considering valuation and dividend rate attractiveness, the profit forecast for 2024 to 2026 remains largely unchanged, maintaining the Hengan International (01044) “buy” rating. Due to increased competition in the three core business areas, the revenue forecast for the period was lowered by 5% to 12%. At the same time, referring to the company's stable pricing strategy, the net profit margin forecast was raised by 0.8 to 1.5 percentage points, and the target price was raised from HK$33 to HK$34.32. According to the report, the company's revenue growth in the second half of last year was lower than the market and the bank's expectations. Among them, the revenue growth rate slowed by half a year, and weak sales growth was mainly affected by the public sector
Damo: Target price for Hengan International (01044) “Synchronize with the market” rating reduced to HK$27
Damo predicts that Hengan International's sales will increase by 4% per year from this year to 2026.
Daiwa: Reiterates Hengan International's “Better Than Market” Rating Target Price Raised to HK$30
Daiwa released a research report stating that it reaffirmed Hengan International's (01044) “superior to the market” rating and raised the 2024-25 profit forecast by 5%-7% to reflect a higher operating margin. The target price was raised from HK$29 to HK$30. The company's recurring profit in the second half of the year after adjustment for exchange factors reached RMB 1.6 billion, up 32% year on year, far exceeding expectations. Yamato pointed out that Hengan International's profit for the second half of the year was mainly due to the Group's profitability benefiting from lower raw material prices and savings in operating expenses. Management's goal this year is to maintain market share and further improve profit margins, considering that the dividend ratio has reached 6% and now
Daiwa: Reiterates Hengan International's (01044) “Better Than Market” Rating Target Price Raised to HK$30
Daiwa raised Hengan International's (01044) profit forecast of 5%-7% for 2024-25.
Lyon: Lowering Hengan International's rating to “outperform the market”, and the target price was reduced to HK$27
Lyon released a research report stating that the rating of Hengan International (01044) was downgraded from “buy” to “outperform the market”, and sales and core net profit forecasts for this year and next year were lowered by 2% to 4%, but the net profit forecast was basically maintained, and the target price was lowered from HK$35 to HK$27. The company's sales last year were slightly lower than expected, but net profit beat expectations due to improved profit margins and narrowing foreign exchange losses. According to the report, Hengan's sales growth slowed to 1% in the second half of last year, but due to discount control and falling raw material prices, gross margin and net profit margin increased 3.7 and 7.9 percentage points, respectively. The anticipation is that in competition
Hengan International Group Company Limited Just Beat EPS By 9.1%: Here's What Analysts Think Will Happen Next
Hengan International Group Company Limited (HKG:1044) came out with its yearly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company
Jefferies Adjusts Hengan International Group's Price Target to HK$28.56 From HK$28.41, Keeps at Hold
05:15 AM EDT, 03/22/2024 (MT Newswires) -- Jefferies Adjusts Hengan International Group's Price Target to HK$28.56 From HK$28.41, Keeps at Hold Price (HKD): $24.85, Change: $-1.15, Percent Change: -4.
Macquarie: Target price for Hengan International's “Outperform the Market” rating reduced to HK$46
Macquarie released a research report stating that it gave Hengan International (01044) the “outperform the market” rating and lowered the net revenue forecast by 12% and 9% for the 2024 and fiscal year 25 to reflect the expected need for higher advertising and promotion expenses in the competition, and the target price was lowered by 12% to HK$46. The company's sales for the second half of last year rose 1.3% year over year, lower than Macquarie's forecast. According to the report, by business, sales of Hengan tissues and diapers increased by 2.7% and 3.5% respectively, a decrease from 22.7% and 5% in the first half of last year. Tampon sales fell 2.3% year on year, and increased 3% in the first half of the year, probably due to wood
BOC International: Maintaining Hengan International's “Buy” Rating and Lowering the Target Price to HK$33.85
BOC International released a research report stating that it lowered the target price of Hengan International (01044) by 10% from HK$37.6 to HK$33.85. The 2023 results were in line with expectations and maintained a “buy” rating. The bank is optimistic about improving profit margins, but due to the current low contribution of high-end products, increased competition may slow the growth of the tissue business. The bank expects that Hengan International's core business will show low single-digit growth in 2024, and the tampon business is expected to perform better than the full year of 2023. Although the price of wood pulp has dropped drastically, the intensification of market competition will also put pressure on the average price. Coupled with the high base effect, public
BOC International: Maintaining Hengan International's (01044) “Buy” Rating Target Price Reduction to HK$33.85
BOC International expects the core business of Hengan International (01044) to show low single-digit growth in 2024.
Changes in Hong Kong stocks | Hengan International (01044)'s net profit fell nearly 6% after the results, and the annual net profit increased by more than 45%. Competition intensified or slowed the growth of the tissue business
Hengan International (01044) fell nearly 6% after the results. As of press release, it was down 5.19% to HK$24.65, with a turnover of HK$27.441,300.
[Broker Focus] BOC International cuts Hengan International (01044) target price by 10%, indicating that increased competition has slowed the growth of the tissue business
Jinwu Financial News | According to BOC International Development Research Report, sales of Hengan International (01044) in 2023 increased 5.1% year on year, core business increased 8.0% year on year, and net profit to mother increased 45.5% year on year. The 2023 results were in line with expectations, and profit margins improved significantly in the second half of the year. Looking ahead to 2024, the sanitary napkin business is expected to perform better than the full year of 2023. Despite the sharp drop in the price of wood pulp, increased market competition will also put pressure on the average price, compounding the high base effect. The company will increase marketing expenses in the first half of this year. It is expected that the paper towel business will achieve low single-digit year-on-year growth in the first half of this year.
HENGAN INT'L To Go Ex-Dividend On May 21st, 2024 With 0.77159 HKD Dividend Per Share
March 21st - $HENGAN INT'L(01044.HK)$ is trading ex-dividend on May 21st, 2024. Shareholders of record on May 22nd, 2024 will receive 0.77159 HKD dividend per share on May 31st, 2024. The ex-divid
Hengan International Group's 2023 Profit Rises 46% on Higher Revenue
Hengan International Group's (HKG:1044) attributable profit increased 45.5% to 2.80 billion yuan in 2023 from 1.93 billion yuan in 2022, according to a Thursday filing with the Hong Kong bourse. Earni
Hengan International (01044) will distribute the 2023 final dividend of 0.7 yuan per share on May 31
According to the Zhitong Finance App, Hengan International (01044) announced that the company will pay a final dividend of RMB 0.7 per share for the year ending December 31, 2023 on May 31, 2024.
HENGAN INT'L: Annual Results Announcement For The Year Ended 31 December 2023
Hengan International Issues Bonds Worth 2.5 Billion Yuan
Hengan International Group (HKG:1044) has completed the issuance of the second tranche of super short-term bonds worth 2.5 billion yuan, at a coupon rate of 2.1% per annum and a term of 182 days, acco
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