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Citi: Johnson Electric (00179.HK) Profit Warning Signals Ongoing Earnings Downside Risk, Maintains "Neutral" Rating
Recommend 7 Positive 8 Negative 13 |
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Citi issued a research report stating that Johnson Electric (00179.HK) issued a profit warning, signaling that downside risks to earnings persist. The group expects net profit for fiscal year 2026 ending March to decline by 21% to 25% YoY to between USD197 million and USD207 million. The bank noted that raw material costs have surged recently, and Johnson Electric requires a longer time to pass on rising costs, which is expected to continue posing risks to its margins. It maintained a "Neutral" rating with a TP of HKD32. (hc/j) 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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