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G Sachs Raises Want Want China (00151.HK) TP to HKD4, Rating Sell
Recommend 3 Positive 2 Negative 2 |
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G Sachs issued a research report expecting Want Want China (00151.HK) to announce its results for 2H FY2025 ended March 2025 in late June. The broker forecast sales to increase 3% YoY in 2H FY2025, while net profit is projected to decline 3% YoY, compared with a 2% YoY increase in sales and an 8% YoY decline in net profit in 1H FY2025. During the period, shipment performance over the Lunar New Year was solid, with broad-based demand recovery and improvements across all channels and categories. Among them, dairy beverages, rice crackers and snack foods are expected to record YoY growth of flat, 5% and 9%, respectively, in 2H FY2025, compared with YoY changes of -1%, +4% and +8% in 1H FY2025. G Sachs raised its net profit forecasts for FY2025 to FY2027 by 3% to 4% to reflect stronger revenue growth driven by new products and channel expansion, and introduced its FY2028 forecast. The broker maintained a Sell rating on Want Want, lifting the TP from HKD3.9 to HKD4. (ec/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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