In today’s briefing:
- Weekly Wrap – 19 May 2023
- HWKN: One-Time Gain Hides Miss
Weekly Wrap – 19 May 2023
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
- Melco Resorts & Entertainment
- Hopson Development
- China Jinmao Holdings
- Lifestyle International Holdings
- Geely Auto
and more…
HWKN: One-Time Gain Hides Miss
- HWKN reported Q4 (April 2) results at first read suggesting beating estimates. However, demand has been declining and EPS beat our forecast due to one-time gain on an asset sale
- The competitive environment has intensified in recent quarters where imports are being offered at lower prices while HWKN faces higher costs
- We have changed our fiscal 2024 estimates to incorporate reduced sales from the asset sale, longer timeline in gross margin improvement, and the industrial segment facing competition
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
