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Dah Sing lowers Want Want (00151.HK) target price to 4.8 yuan, current valuation reasonably reflects prospects.
Morgan Stanley lowered its earnings per share forecast for Want Want China (00151.HK) in the current fiscal year by 4%, and forecasted an 8% decrease in earnings per share for the next fiscal year and 2026. It is expected that demand for dairy products and popsicles will remain under pressure, while cost support weakens. The bank also reduced the target price for the stock by 4% to 4.8 yuan, with the new target price reflecting a 14 times PE ratio for the next fiscal year, already fully reflecting the company's prospects, and the rating is 'in line with the market'. The report points out that the snack sector has been adversely affected by weak popsicle sales, with sales consecutively declining year-on-year, and the dairy product sector saw a decline in sales in the first half of the fiscal year, influenced by weak industry demand. The bank maintains a cautious outlook for the second half of the fiscal year.
Want want china (0151.HK): Dairy product profitability continues to improve, and overseas markets maintain high growth.
Investment Highlights: Event: The company disclosed its semi-annual performance for fiscal year 2024. In the first half of fiscal year 2024, the company achieved revenue of 10.877 billion yuan (YOY -3.5%), and realized net income of 1.863 billion yuan (YOY +
Want Want China's Sales Growth Likely to Improve in 2H FY 2025 -- Market Talk
Want Want China Holdings Target Price Lowered to HK$6.10 From HK$6.50 by China Galaxy International >0151.HK
Major rating upgrade | CICC International: Raises want want china target price to 5.8 Hong Kong dollars, mid-term performance broadly in line with expectations.
On November 27th, Guolonghui | CIMB International released a report stating that Want Want China's mid-term performance in the 2025 fiscal year is roughly in line with expectations, with a 8% year-on-year increase in net income to 1.863 billion yuan, which is roughly consistent with the bank's expectations but slightly below market expectations, mainly due to lower-than-expected revenue growth despite strong gross margin expansion. Revenue declined by 4%, influenced by a 10% decrease in sales of snack food business. The bank expects a sales rebound in the third quarter of the 2025 fiscal year for Want Want China, mainly driven by recent consumer stimulus measures; Want Want expanding overseas channels; and cooperation with major snack retail chains. The company plans to provide more support to its dealers.
Express News | Citi maintains a "buy" rating on Want Want China, with a target price of 6.62 Hong Kong dollars.
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