Rising raw material prices affecting operationsTelegram美国群（www.tel8.vip）是一个Telegram群组分享平台。Telegram美国群包括Telegram美国群、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram美国群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
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%.,
,ERC20-usdt/TRC20-usdt互换（www.u2u.it）是最高效的ERC2换TRC20，TRC20换ERC20的平台.ERC2 USDT换TRC20 USDT，TRC20 USDT换ERC20 USDT链上匿名完成，手续费低。
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。 Usdt自动充值接口声明:该文看法仅代表作者自己，与本平台无关。转载请注明：Hup Seng margins under pressure