reports
Stella International Holdings Ltd: 1 director
A director at Stella International Holdings Ltd sold 150,000 shares at 9.810HKD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...
With a more favourable environment, STELLA INTL.HOLDINGS improves to P...
STELLA INTL.HOLDINGS (HK), a company active in the Footwear industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date September 7, 2021, the closing price was HKD 10.38 and its potential was estimated...
- Julia Cheung Pui Man
- Lee Yuk Kei
Stella International Holdings - 3Q19 on track to margin recovery; stil...
Stella’s 3Q19 revenue declined 5% yoy to US$449.3m, dragged by the downsizing of its retail branding business. The core OEM business remained in good shape with flattish shipment volume and ASP growth, and no material impact from the US-China trade war. 9M19 EBIT margin surpassed the company’s 8% target for 2019, with double-digit margin in 3Q19. In 2020, management expects adjusted EBIT margin to reach at least 9%. Maintain BUY with a lower target price of HK$15.50.
- Joyce Chan Pui Lai
- Julia Cheung Pui Man
- Lee Yuk Kei
- Shaun Tan
Greater China Daily: Friday, October 18, 2019
KEY HIGHLIGHTS Update New World Development (17 HK/BUY/HK$11.18/Target: HK$13.28) Takeaways from management meeting: Well-positioned amid headwinds. Stella International Holdings (1836 HK/BUY/HK$12.26/Target: HK$15.50) 3Q19 on track to margin recovery; still scaling down its retail business. TRADERS’ CORNER K. Wah International (173 HK): Trading Buy Range Pacific Textiles (1382 HK): Trading Buy Range
- Adrian Loh Tzum Yung
- Benyamin Mikael
- Jacquelyn Yow Hui Li
- Julia Cheung Pui Man
- Lee Yuk Kei
- Leow Huey Chuen
- Malaysia Research Team
- Shaun Tan
- Thananchai Jittanoon
- Thunya Sutavepramochanon
- Vincent Khoo Boo Aik
Regional Morning Notes - Friday, October 18, 2019
GREATER CHINA Update New World Development (17 HK/BUY/HK$11.18/Target: HK$13.28): Takeaways from management meeting: Well-positioned amid headwinds. Stella International Holdings (1836 HK/BUY/HK$12.26/Target: HK$15.50): 3Q19 on track to margin recovery; still scaling down its retail business. INDONESIA Small/Mid Cap Highlights Aneka Tambang (ANTM IJ/NOT RATED/Rp955): Nickel ore export ban could hit profit. MALAYSIA Sector Plantation: Proposals in Budget 2020 are positive for the plantation secto...
- Julia Cheung Pui Man
- Lee Yuk Kei
Stella International Holdings - 1H19: Robust earnings growth on margin...
Stella’s 1H19 net profit soared 70% yoy, in line with its profit alert earlier, thanks to margin expansion, a lower effective tax rate and 1H18’s low base. Top-line increase was flattish at 1.5% yoy on tepid footwear shipments and ASP growth, partially dampened by the sluggish retail business. Adjusted EBIT margin expanded 2.3ppt yoy to 7.1%. Management remains optimistic about achieving the guided 8% margin target and expects a limited impact from trade war tariff. Maintain BUY with a highe...
- Carol Dou Xiao Qin
- Charles Wong Kok Min
- Johnny Yum Chung Man
- Joyce Chan Pui Lai
- Julia Cheung Pui Man
- Julia Pan Mengyao
- Ken Lee
- Lee Yuk Kei
- Michael Cheung Ho Bun
- Neo Chen Wentao
- Sandra Huang Jieqiong
Greater China Daily: Friday, August 23, 2019
KEY HIGHLIGHTS CHINA Results Anhui Conch Cement Co (914 HK/BUY/HK$43.85/Target: HK$58.27) 1H19: Another solid set of results, beats expectations. Baoshan Iron & Steel (600019 CH/BUY/Rmb5.89/Target: Rmb6.64) 1H19: Stay calm amid headwinds. BYD Company (1211 HK/SELL/HK$40.35/Target: HK$21.00) 2Q19: Net profit up 87% yoy, in line; but 3Q19 earnings to slump 72-91% yoy. Cut target price to HK$21.00. China Meidong Auto Holdings (1268 HK/HOLD/HK$6.28/Target: HK$6.00) 1H19: Net profit up 35% yoy,...
600585 ANHUI CONCH CEMENT COMPANY LIMITED CLASS A
600019 BAOSHAN IRON & STEEL CO. LTD. CLASS A
1211 BYD COMPANY LIMITED CLASS H
06068 WISDOM EDUCATION INTERNATIONAL HOLDINGS (P CHIP)
1558 YICHANG HEC CHANGJIANG PHA-H
1268 CHINA MEIDONG AUTO HOLDINGS
631 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS CO LTD
- Julia Cheung Pui Man
- Julia Pan Mengyao
- Lee Yuk Kei
- Neo Chen Wentao
- Oscar Jiang
- Sandra Huang Jieqiong
- Shaun Tan
Greater China Daily: Monday, July 22, 2019
KEY HIGHLIGHTS CHINA Sector Coal Thermal coal trending down in summer; unexciting 1H19 results ahead. Gold Gold back in fashion: Price rebounds to six-year high on rate cut outlook. Update Baozun Inc (BZUN US/NON-RATED/US$51.26) Leading Tmall partner operator in the market. Small/Mid Cap Highlights Stella International Holdings (1836 HK/BUY/HK$13.56/Target: HK$16.10) Positive profit alert; margin recovery on track. HONG KONG Sector Property Weekly Wrap-up: Home prices fall for ...
- Julia Cheung Pui Man
- Lee Yuk Kei
Stella International Holdings - Positive profit alert; margin recovery...
Stella released a positive profit alert for 1H19, indicating a >50% and >70% yoy increase in EBIT and PAT respectively on 1.7% yoy top-line growth. Core OEM operations registered mild revenue growth while the retail business continued with its downtrend in 2Q19. Management has kept its full-year guidance of an EBIT margin of 8% on flattish shipment and ASP growth in 2019. Given the on-track margin recovery, we maintain our earnings forecasts and BUY rating with a target price of HK$16.10 on 14.5...
- Lee Yuk Kei
STELLA INTERNATIONAL (1836 HK): 14-page initiation report - Price = US...
HIGHLIGHTS: UOB Kay Hian published on 29th May this initiation report on Stella International Holdings (1836 HK), which develops and manufactures footwear products for casual & fashion footwear companies worldwide. Our 16-page report (including the disclaimer) contains an actionable investment idea and includes forecasts for 2019, 2020 and 2021 for Stella's key data, including net turnover, operating profit, EPS, PER, PBR, ROE and dividend yield. The report has sections on:- * Investment Highlig...
- Joyce Chan Pui Lai
- Julia Cheung Pui Man
- Lee Yuk Kei
- Zhifeng Shen
Greater China Daily: Thursday, May, 30, 2019
KEY HIGHLIGHTS CHINA Sector Gas Moderate national gas demand growth with city gate price hike. Initiate Coverage Stella International Holdings (1836 HK/BUY/HK$13.62/Target: HK$16.10) On a stellar track to margin expansion; proxy for sneaker boom. TRADERS’ CORNER Uni-President China (220 HK): Trading Buy Range China Res Gas (1193 HK): Trading Buy Range
- Julia Cheung Pui Man
- Lee Yuk Kei
Stella International Holdings - On a stellar track to margin expansion...
Stella is one of the principal OEMs for Nike’s high-end footwear and luxury brands’ premium sneakers, making it a great proxy for the sneaker boom. Underpinned by capacity relocation to lower-cost nations, it is expected to enjoy margin recovery. The US-China trade tariff will likely have a limited impact on Stella given its high-end positioning and diversified production base. We deem it a high yield play backed by its >70% dividend payout ratio. Initiate coverage with BUY. Target price: HK...
- Desmond Chong Chee Wai
- Jonathan Koh
- Julia Cheung Pui Man
- Kader Farhan Bin Kader Ridzwan
- Keith Wee Teck Keong
- Lee Yuk Kei
- Loke Pei Hao
- Malaysia Research Team
- Thananchai Jittanoon
- Zhifeng Shen
Regional Morning Notes - Thursday, May 30, 2019
CHINA Sector Gas: Moderate national gas demand growth with city gate price hike. Initiate Coverage Stella International Holdings (1836 HK/BUY/HK$13.62/Target: HK$16.10): On a stellar track to margin expansion; proxy for sneaker boom. MALAYSIA Results AirAsia (AAGB MK/SELL/RM2.63/Target: RM$2.30): 1Q19: Earnings dive 92% yoy as leasing costs rise and fares drop. ATA IMS (AIB MK/BUY/RM1.65/Target: RM1.85): FY19: Below expectations. We expect at least two additional final assembly lines to commence...
- Julia Cheung Pui Man
- Lee Yuk Kei
Stella (1836 HK): On a stellar track to margin expansion; proxy for sn...
Stella is one of the principal OEMs for Nike’s high-end footwear and luxury brands’ premium sneakers, making it a great proxy for the sneaker boom. Underpinned by capacity relocation from China to low-cost South East Asian nations, the company is expected to enjoy a margin recovery. The US-China trade tariff will likely have limited impact on Stella given its high-end positioning and diversified production base. We deem it a high yield play backed by its >70% dividend payout ratio. Initiate ...
CSCI-Footwear OEM-Stella International (1836 HK)：New Nike factory is...
New Nike factory is gaining traction Stella just reported its 3Q17 operational data, which suggests it is on track to meeting its sales volume target for FY17E. Its new Nike factory in Vietnam is gaining more traction after commencement of operation in 2H17. We expect more cost benefits to be realised on the Group level starting from FY18E. Management reiterates its EBIT margin target of 6% in FY17E. We have trimmed our EPS estimates for FY17/18E slightly by 0.1%/1.4% after factoring in a l...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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