Stella Holdings (01836) fell more than 4% in the final trading session and as of press time, it fell 4.53% to HKD 12.22, with a turnover of HKD 21.8449 million.
According to the Zhitong Finance APP, Stella Holdings (01836) fell more than 4% in the final trading session and as of press time, it fell 4.53% to HKD 12.22, with a turnover of HKD 21.8449 million.
Macquarie released a research report stating that net income of Stella Holdings for the first half of the year is expected to reach at least 90 million US dollars, an increase of at least 63% year-on-year, despite the average selling price falling by 5%. The management expects a low to mid-double-digit growth in net income for the full year, which means that net income in the second half of the year is expected to fall by 14% to 22% year-on-year. Due to the uncertain prospects of Stella Holdings next year, its rating has been downgraded from "outperform" to "underperform" and the target price has been adjusted from HKD 15.6 to HKD 11.4.