热门标签

胜负彩:Hup Seng margins under pressure

时间:2个月前   阅读:15   评论:2

胜负彩www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。胜负彩上胜负分析专家数据更新最快。胜负彩开放皇冠官方会员注册、皇冠官方代理开户等业务。

Rising raw material prices affecting operations

PETALING JAYA: Hup Seng Industries Bhd’s margins for the rest of its financial year 2022 (FY22) is expected to continue eroding on the back of higher input costs, says TA Research.

However, the group will be monitoring commodity prices, as well as evaluate and adjust its pricing accordingly amid the challenging operating environment alongside rising inflationary pressures.

Additionally, the resizing of major products will be an option when the need arises.

Hup Seng’s core earnings of RM10mil for the first half of FY22 (1H22) came in below TA Research estimates but within consensus forecast, accounting for 29% and 45% of full-year estimates, respectively.

The research house said the negative variation was due to higher-than-expected raw materials costs, which decreased the gross profit margin by 5.6 percentage points year-on-year (y-o-y) to 22.4%.

,

皇冠信用网开户www.hg108.vip)是一个开放皇冠正网即时比分、皇冠信用网开户的平台。皇冠信用网开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠信用网代理开户、皇冠信用网会员开户业务。

,

On a positive note, group revenue for 1H22 increased marginally by 2.6% y-o-y to RM153.1mil, owing to higher selling prices.

“Domestic sales grew 2% y-o-y from modern and wholesale channels mainly in Sabah and Sarawak,” the research house said, adding that export sales improved 6% y-o-y mainly due to exports to Thailand and Maldives.

As a result of the increase in revenue and higher selling prices, Hup Seng’s pre-tax tax in 1H22 declined by 26.9% y-o-y to RM13.4mil, as higher raw material prices eroded margins.

The group has proposed a first interim single-tier dividend of one sen per share during the quarter under review, representing a drop from 1.5 sen per share declared in the same period last year.

TA Research has reduced its earnings forecast on Hup Seng to account for the higher input cost assumptions, with cost pressures expected to ease in FY23 and FY24.

Consequently, the research house reduced its dividend per share forecast for the coming financial years.

The research house is maintaining its “sell” call on Hup Seng. However, it reduced the target price to 72 sen per share from 88 sen previously.


转载说明:本文转载自Sunbet。

上一篇:Telegram中文群组搜索:《金融》黄天牧:审慎因应升息影响 续盘点保险业融通措施

下一篇:哈希竞彩游戏(www.hx198.vip):MyCIF's ECF, P2P platforms raise more than RM2.7bil as of Dec 31, 2021

网友评论

  • 2022-12-26 01:03:22

    The financial hub has become increasingly isolated under harsh pandemic restrictions as it mirrors a lighter version of China’s strict zero-Covid policy, with the once busy Hong Kong airport now a relative aviation graveyard. 连老妈都迷上了