Hong Kong's Morimatsu interim revenue falls 4%

Morimatsu International Holdings

27/08/2026 09:47

Overview
Hong Kong pressure equipment maker's interim revenue fell 4% yr/yr for six months to June 2026
Company reported net loss of RMB144 mln versus profit a year earlier
Gross profit margin narrowed to 22.4% from 29.4% amid lower revenue and higher costs

Outlook
Company did not provide specific financial outlook

Result Drivers
MARGIN COMPRESSION - Gross profit margin narrowed to 22.4% from 29.4% as cost of sales increased relative to revenue
HIGHER EXPENSES - Research and development and administrative expenses increased compared to prior year
NEGATIVE OTHER INCOME - Other income turned negative, mainly due to losses in fair value changes and lower interest income

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Loss Attributable
 
RMB 143.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong 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 industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Morimatsu International Holdings Co Ltd is HK$10.20, about 36.6% above its August 26 closing price of HK$7.47
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 25 - China's CIMC Enric H1 profit falls 8% as margin narrows
Aug 26 - Hong Kong's Hung Hing Printing H1 loss widens on higher administrative, selling costs
Aug 25 - Hong Kong's Ming Fai interim profit falls as margin drops

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

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/b5e8f873-930f-4cae-bdd2-2dc4a7e447b3.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.)