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Is Man Wah Holdings (HKG:1999) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only n
Haitong Securities: rated Man Wah Holdings as "outperform" with a reasonable value range of HKD 8.61-9.94.
Haitong Sec released a research report stating that Man Wah Hldgs (01999) has an "outperform" rating with an estimated net income of HKD 2.569 billion, 2.790 billion, and 2.956 billion respectively for FY2025-FY2027, and a reasonable value range of HKD 8.61-9.94. For FY2024, the company achieved a total revenue of HKD 18.8 billion, a year-on-year increase of 5.7%, and a net income attributable to shareholders of HKD 2.3 billion, a year-on-year increase of 20.2%. If calculated in RMB, the year-on-year increase was as high as 25.5%. According to the report, the company's domestic and foreign sales have achieved growth, and overseas markets continue to be developed. 1) Middle
Haitong Securities: Gives Man Wah Holdings (01999) "Outperform" rating with a reasonable value range between HKD 8.61 and 9.94.
According to Zhitong Finance APP, Haitong Securities released a research report stating that it gives a rating of "outperform the market" to Man Wah Holdings (01999), with expected net income for FY2025-FY2027 of HKD 2569 million, HKD 2790 million, and HKD 2956 million respectively, with a reasonable value range of HKD 8.61-9.94. In FY2024, the company achieved a total revenue of HKD 18.8 billion, a year-on-year growth of 5.7%; and a net income attributable to the parent company of HKD 2.3 billion, a year-on-year increase of 20.2%, or 25.5% on RMB basis. The report states that both domestic and overseas sales achieved growth.
敏華控股:2023/2024年報
[Broker Focus] Zheshang Securities maintains Minhua Holdings (01999) “buy” rating and expects its net profit to return to mother for the next 3 fiscal years to exceed 10%
Jinwu Financial News | According to Zheshang Securities Research and Development, Minhua Holdings (01999) achieved operating income of HK$18.411 billion (+6.1% YoY, RMB +10.8%) in fiscal year 23/24 (April 23 to March 24), with net profit of HK$2.02 billion (+20.2% YoY, RMB +25.5% YoY). The company's gross margin for fiscal year 23/24 was 39.4%, up 0.9 pct year on year; net interest rate was 12.5%, up 1.5 pct year on year, improving profitability. According to the bank, the company's revenue in the Chinese market during the period was 119
UBS: Mianhua Holdings downgraded to “neutral” and raised the target price to HK$7.1
According to a research report released by UBS, the valuation of Minhua Holdings (01999) was at a reasonable level, downgrading the rating from “buy” to “neutral”, and the earnings forecast per share for 2025 and 2026 was raised by 8% and 5% to a year-on-year decrease of 14% and 1%, and the target price was raised from HK$6.3 to HK$7.1. According to the report, driven by improved market sentiment, US interest rate cut expectations, China's real estate support policy, and the 2024 fiscal year's performance exceeding expectations, the company's stock price has rebounded by more than 50% since mid-February. However, its fundamentals are not without any challenges. Among them, the US market channel has been repaired
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