Japantown’s parent company, International Home Retail (1373), performed outstandingly following the results. It hit a new 52-week high yesterday, and its momentum is pressing. Under the three positive factors, I believe that the pattern of big gains and small returns will remain unchanged.
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First of all, the Group announced that its annual results for the year ended April were splendid. Revenue rose 8.5% to 2.92 billion yuan, a new high, and gross profit margin rose slightly by 0.5 percentage points to 45.7%. Although profit fell by 13% to 220 million yuan, if excluding In addition to the government’s 71 million yuan subsidy for employment protection, the core profit is still growing. In fact, in addition to the Japantown brand, other brands such as “123byELLA”, DuolaiMai, Diary Store, etc., have successfully expanded beyond household products, such as beauty, skin care, local and global snacks, etc., which has increased the Group’s revenue. Diversification.
Good performance + high interest rate + major shareholder increase
Secondly, following the results, the major shareholders frequently increased their holdings. Major shareholder Liu Baihui swept into the shares four times. The average price per share was between 2.85 and 2.91 yuan, which was similar to the current level. A buy order came in.
More importantly, International Home Retail is famous for its generous dividend payout. The latest dividend yield is 9%. In terms of its business stability, it can be described as both offense and defense, and it is also the reason why the stock price is easy to rise and hard to fall. Another point to note is that David Webb is also a shareholder of International Home Furnishing Retail. The latest shareholding is 7%, but the latest disclosure was in March last year. Seeing his hand shadow, I believe that the shareholding has reached 8%, and another wave of uptrend will be set off at that time.
Tang Niu
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