Elastic fabric maker Best Pacific's H1 revenue rises on sportswear demand

Best Pacific International Holdings

24/08/2026 14:14

Overview
Elastic textile materials maker's H1 revenue rose 12.7% year-on-year
Net profit attributable to owners fell 3.2%, with basic EPS also down 3.2%
Company cites Renminbi appreciation and higher costs as weighing on profitability

Outlook
Company did not provide specific guidance for the current or future periods

Result Drivers
SPORTSWEAR AND APPAREL FABRIC GROWTH - Co said revenue growth was driven by strong performance in its sportswear and apparel fabric segment, which rose 22.9% year-on-year
RENMINBI APPRECIATION - Co said profit was weighed by the sharp appreciation of the Renminbi against the US dollar, impacting profitability as half of capacity is based in Chinese Mainland
VIETNAM OPERATIONAL EFFICIENCY - Co said strong order allocations in Vietnam boosted revenue and allowed its factory to maximize production efficiencies, offsetting some rising costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$2.63 bln
 
H1 Net Income Attributable
 
HK$252.2 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the textiles & leather goods peer group is "buy"
Wall Street's median 12-month price target for Best Pacific International Holdings Ltd is HK$3.50, about 53.5% above its August 24 closing price of HK$2.28
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

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Aug 24 - Kerry Properties H1 revenue falls on lower unit handovers

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-24/d176fb30-192c-4f57-ab4a-a2761e3568b9.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)