Yadea Likely to Report Weaker 2024 Profit -- Market Talk

Dow Jones2024-12-30

0640 GMT - Yadea is likely to report weaker profit than previously projected after issuing a profit warning for 2024 that guides for a result significantly below Citi and consensus expectations, Citi analysts led by Beatrice Lam say in a research note. The expected profit decline at the Chinese manufacturer of electric bicycles, motorcycles and scooters is mainly due to softer sales volume driven by unfavorable policies and one-off expenses, Citi says, citing Yadea's remarks. The bank cuts its 2024, 2025 and 2026 net profit projections for the company by 44%, 25% and 23%, respectively. Citi lowers its target price to HK$15.20 from HK$17.00 but keeps a buy rating on Yadea. Shares are 2.2% lower at HK$13.10. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

December 30, 2024 01:40 ET (06:40 GMT)

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The bank cuts its 2024, 2025 and 2026 net profit projections for the company by 44%, 25% and 23%, respectively. Citi lowers its target price to HK$15.20 from HK$17.00 but keeps a buy rating on Yadea. Shares are 2.2% lower at HK$13.10. 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(tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 30, 2024 01:40 ET (06:40 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01585","symbol_name":"雅迪控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2495601595","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2495601595","pubTimestamp":1735540800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0640 GMT - Yadea is likely to report weaker profit than previously projected after issuing a profit warning for 2024 that guides for a result significantly below Citi and consensus expectations, Citi analysts led by Beatrice Lam say in a research note. 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