Data Gold 11 November 26, UBS released a report stating that Wangwang (00151.HK) mid-term performance was lower than expected, lowering the target price from 6.5 Hong Kong dollars to 5.8 Hong Kong dollars, maintaining a buy rating. The report stated that Wangwang's mid-term sales were down 3.5% year-on-year, net profit increased by 7.6% year-on-year, gross profit margin increased by 2.1% year-on-year to 47.3%, and net profit margin increased by 1.7% year-on-year to 17.1%. The bank believes that both revenue and net profit for the year are slightly below market expectations, mainly reflecting challenges on the demand side. The company announced that it will not distribute interim dividends, the same as the same period last year. UBS lowered its net profit forecast for the fiscal years 2025 and 2026 by 8% and 7% respectively for Wangwang, reflecting challenges in sales and profit margins. The new forecast implies that sales and net profit for fiscal year 2025 will remain flat year-on-year, while sales and net profit for the second half of fiscal year 2025 will increase by 3% and decrease by 6% year-on-year, respectively.
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UBS menurunkan target harga saham Tencent menjadi 5,8 dolar Hong Kong karena kinerja jangka menengah di bawah ekspektasi.
Data Gold 11 November 26, UBS released a report stating that Wangwang (00151.HK) mid-term performance was lower than expected, lowering the target price from 6.5 Hong Kong dollars to 5.8 Hong Kong dollars, maintaining a buy rating. The report stated that Wangwang's mid-term sales were down 3.5% year-on-year, net profit increased by 7.6% year-on-year, gross profit margin increased by 2.1% year-on-year to 47.3%, and net profit margin increased by 1.7% year-on-year to 17.1%. The bank believes that both revenue and net profit for the year are slightly below market expectations, mainly reflecting challenges on the demand side. The company announced that it will not distribute interim dividends, the same as the same period last year. UBS lowered its net profit forecast for the fiscal years 2025 and 2026 by 8% and 7% respectively for Wangwang, reflecting challenges in sales and profit margins. The new forecast implies that sales and net profit for fiscal year 2025 will remain flat year-on-year, while sales and net profit for the second half of fiscal year 2025 will increase by 3% and decrease by 6% year-on-year, respectively.