Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01382 PACIFICTEXTILES
RTNominal down5.490 -0.010 (-0.182%)
Others

21/06/2019 17:43

[I-bank focus]Citi trims Pacific Textiles (01382) to HK$9.2

[ET Net News Agency, 21 June 2019] Citi Research lowered its target price for Pacific
Textiles Holdings (01382) to HK$9.2 from HK$10 and maintained its "buy" rating.
The research house said Pacific Textiles' FY2019 net profit of HK$862m was in line with
Citi's forecast HK$867m. Citi sees the missing revenues growth as worse-than-expected
order disruption on UQ Heattech due to warmer weather.
It thus reduced its earnings estimates by 7-9% in FY2020-21. Having said that, Citi sees
the results downside for FY2020 as curtailing based on positive order growth of single
digit and acquisition of global leading customer in sportswear through new product using
Toray yarn.
Citi exclusively hosted the group post-results call. Management guided flat revenue in
FY2020 as a result of single-digit volume growth offset by ASP down by single-digit on
lower material cost. (KL)

Remark: Real time quote last updated: 06/12/2019 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2019 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.