Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01999 MAN WAH HLDGS
RTNominal down5.580 -0.020 (-0.357%)
Others

18/11/2019 17:14

{I-bank focus}Citi lifts Man Wah Holdings (01999) to HK$6.8

[ET Net News Agency, 18 November 2019] Citi Research lifted its target price for Man
Wah Holdings (01999) to HK$6.8 from HK$6.2 and maintained its "buy" rating.
The research house said Man Wah's 1H FY2020 net profit/revenue grew 6.1%/1.9% to
HK$706m/HK$5.59bn, which was slightly better-than-expected Citi's forecast. Excluding the
property profit, the core earning is broadly in line with projection.
The US sales growth will pick up again once more new capacity in Vietnam to come from
early FY2021. The net gearing began to drop to 37% from 46% in 6 months ago which means
strong positive FCF generation after the investment period in Vietnam during FY2018-19.
The net gearing will keep falling to 27% in FY2021, which may lead to the start of
resuming a higher payout ratio away from the trough at 34% in FY2019. (KL)

Remark: Real time quote last updated: 11/12/2019 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.