Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01044 HENGAN INT'L
RTNominal up24.650 +0.100 (+0.407%)
Research Report

27/03/2020 15:28

{I-bank focus}Nomura lifts Hengan Int'l (01044) to HK$63.2

[ET Net News Agency, 27 March 2020] Nomura lifted its target price for Hengan
International (01044) to HK$63.2 from HK$57.4 and upgraded its rating to "neutral" from
"reduce", backed by strong demand for personal care items from growing hygiene awareness.
The research house said both Hengan's FY2019 revenue and net profit beat Nomura's
estimates. GPM (gross profit margin) expanded 0.4pp to 38.6%, benefiting from lower wood
pulp prices, though partially offset by the growing contribution from the lower-GPM "other
business" segment. OPM (operating profit margin), however, contracted by 1.2pp, mainly due
to a higher SG&A ratio (+3.1pp).
Nomura believes Hengan should be able to maintain a 10% growth of the tissue business in
FY2020, driven by growing awareness about personal hygiene, but it could continue to lose
share to Vinda (03331) in the category. (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.