Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03331 VINDA INT'L
RTNominal up23.450 +0.100 (+0.428%)
Others

17/01/2018 11:06

[I-bank focus]Daiwa lowers Vinda Int'l (03331) to HK$15.7

[ET Net News Agency, 17 January 2018] Daiwa Research lowered its target price for Vinda
International (03331) to HK$15.7 from HK$16, and downgraded its rating to "hold" from
"outperform".
The research house cut its gross margin assumptions for 2017-19 by 0.5-1pp to 34.6-35.8%
in light of the increasing wood pulp cost. While Vinda has been able to raise ASPs for
various products in 4Q 2017 (and likely in 1H 2018 as cost hikes continue), Daiwa believes
the gross margin is unlikely to rebound in 2018 due to high-cost inventory.
However, it remains positive on the pace of its tissue paper market share gains and
expansion into other personal care product segments like sanitary napkins. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  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 2024 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.