[ET Net News Agency, 15 November 2018] Daiwa Research cut its target price for Want
Want China (00151) to HK$8.2 from HK$8.6 and maintained its "buy" rating.
The research house said Want Want management sees slight revenue growth across all
categories in different channels in 2H FY2019 despite a likely price hike in April 2019
and expects gross margin (GPM) to expand further in 2H FY19 YoY on stable raw-material
costs and the residual impact of the price hike in 1H FY2019.
Want Want currently has more than 1,000 SKUs available and plans to add 30-50 SKUs each
year focusing on high-margin products. Management sees growth potential in each category
through different distribution channels.
Daiwa cut its FY2019-21 EPS forecasts by 2-6% and revenue by 2-3% on lower rice-cracker
and dairy-beverage sales volume assumptions. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00151 WANT WANT CHINA
Nominal 
4.480 +0.050 (+1.129%) Others
15/11/2018 15:16
[I-bank focus]Daiwa trims Want Want China (00151) to HK$8.2
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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