On June 1, Johnson Electric Holdings rose 6.9% in regular trading, trading at HK$27.02/share, with trading volume of approximately HK$23.4 million. The stock extended the strong rebound from the previous session.
On the news front, the company announced its full-year results on May 28, reporting attributable profit of US$202.1 million, down 23% year-over-year, while revenue remained flat at US$3.65 billion. Despite the earnings decline, the board recommended a final dividend of HK$0.44 per share, bringing total annual dividends to HK$0.61 per share. The stable payout policy signals robust cash flow and shareholder return commitment, bolstering market confidence.
The stock had previously fallen from approximately HK$28.8 to HK$24.6 following the profit warning and broader auto parts sector weakness. The current rebound reflects a recovery from oversold levels, catalyzed by the dividend announcement. The company's cash reserves also increased to US$902 million from US$791 million a year earlier, with total debt-to-capital ratio at just 10%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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