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6993 — Blue Moon group News Story

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Consumer DefensivesAdventurousMid CapFalling Star

Hong Kong's Blue Moon Group H1 net loss narrows on lower selling and distribution expenses

Hong Kong's Blue Moon Group H1 net loss narrows on lower selling and distribution expenses


Overview

  • Hong Kong household cleaning products maker's half-year revenue declined yr/yr

  • Net loss attributable to equity holders narrowed compared to prior year

  • Gross profit margin decreased slightly to 57.1% from 58.1% yr/yr


Outlook

  • Company did not provide specific financial guidance or outlook for future periods in the press release


Result Drivers

  • LOWER SELLING EXPENSES - Reduced selling and distribution expenses contributed to narrowing net loss


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$2.88 bln

H1 Net Loss Attributable

HK$192.47 mln


Analyst Coverage

  • The one available analyst rating on the shares is "sell"

  • The average consensus recommendation for the household products peer group is "buy."

  • Wall Street's median 12-month price target for Blue Moon Group Holdings Ltd is HK$1.66, about 48.8% below its August 20 closing price of HK$3.25

  • The stock recently traded at 67 times the next 12-month earnings vs. a P/E of 75 three months ago


Reuters Recommended Reads

  • Aug 19 - China's Hengan International H1 revenue falls 6.1% on promotional competition

  • Aug 19 - China Resources Beer H1 profit falls as Baijiu business weakens

  • Aug 20 - Labubu doll maker Pop Mart's H1 revenue, profit up on new product launches


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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