Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up12.360 +0.960 (+8.421%)
Research Report

25/10/2019 17:25

{I-bank focus}Goldman cuts Yue Yuen Ind (00551) to HK$22.2

[ET Net News Agency, 25 October 2019] Goldman Sachs lowered its target price for Yue
Yuen Industrial (Holdings)(00551) to HK$22.2 from HK$22.6 and maintained its "neutral"
The research house revised down its net income for Yue Yuen by 0-2% in 2019-21 to factor
in 3Q sales data and margin pressure as management kept a cautious tone due to the high
base last year from high utilization rate.
But Goldman sees margin pressures from production relocation and more complicated
products. It noted key risks for Yue Yuen include better-/worse-than-expected production
efficiency in China, stronger-/weaker-than-expected volume growth in sports and casual
shoes, raw material costs in the near term, and higher/lower contribution from Pou Sheng
(03813). (KL)

Remark: Real time quote last updated: 02/06/2020 17:58
  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 2020 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.