Stella International Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the wholesaling of footwear; manufacturing and sales of footwear; marketing activities; holding of intellectual property rights; footwear retailing; and provision of secretary and accounting services. Co.'s retail business consists of three self-developed brands consisting of Stella Luna , What For and JKJY by Stella – and joint-venture brand Pierre Balmain. As of Dec 31 2014, Co. operated in three segments: men's footwear, which manufactures and sells men's footwear; women's footwear, which manufactures and sells women's footwear; and footwear retailing and wholesaling.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
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 Highlights: page 3; * Valuation: page 4; * Financials: page 5 - 6; * Risk Factors: page 7; * Financial Stat...
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
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$16.10.
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