On May 29, Johnson Electric Holdings rose 13.93% in regular trading, trading at HK$26.82/share, with trading volume of approximately HK$86.05 million. The stock surged following the release of its annual results and dividend announcement.
On May 28, the company reported fiscal year results ending March 31, with revenue of US$3.65 billion (flat YoY) and attributable profit declining 23% to US$202.1 million. 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 signaled strong cash flow and shareholder-return commitment, boosting market confidence.
Additionally, the stock had previously retreated from approximately HK$28.8 to HK$24.6 over multiple sessions due to an earlier profit warning and sector-wide weakness. The dividend catalyst triggered a sharp oversold rebound. Citi maintains a Neutral rating with a target price of HK$32.
(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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