Giordano International Forecasts Net Profit Growth in Second Half of Year
January 17, 2023
Trending News ☀️
Giordano International ($SEHK:00709) is an iconic Hong Kong-based apparel and lifestyle retailer that is known for its fashionable, quality products. Giordano International recently announced that it anticipates its net profit to range between HK$143 million and HK$173 million during the second half of the year. The company attributes the projected growth to a number of factors, including increased market share and higher sales in certain markets, as well as cost-saving initiatives and new product launches. For example, in the Greater China region, Giordano International expects to benefit from the robust economic growth and rising personal incomes in the region.
In addition, the company is continuing to focus on its omni-channel strategy, which involves leveraging both online and offline channels to meet the needs of its customers. This includes expanding its e-commerce operations and investing in digital marketing campaigns. Overall, Giordano International appears to be well-positioned for further growth in the second half of the year. Its combination of cost-saving initiatives and new product launches should help drive net profit growth. The company’s focus on omni-channel strategies should also help it maintain its strong market presence.
Stock Price
The news sentiment surrounding the company has been mostly positive, with the stock price rising significantly on Friday. Giordano International opened at HK$1.8, and closed at HK$1.9, representing a 9.9% increase from the last closing price of HK$1.7. The company is optimistic that they will continue to generate growth in the second half of the year, as they have implemented various strategies to boost their performance. These include expanding their global presence, launching new product lines, and leveraging digital platforms to reach more customers. The company has also invested in digital marketing and social media campaigns to increase brand awareness and boost sales.
In addition, Giordano International has strengthened its supply chain to ensure high-quality products and efficient delivery to customers. They have also implemented cost-saving initiatives to enhance their profitability. The company is confident that their strategies will bear fruit in the second half of the year and that their net profits will continue to grow. With their continued commitment to innovative strategies and customer satisfaction, they are well-positioned to benefit from increasing demand and achieve long-term growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Giordano International. More…
| Total Revenues | Net Income | Net Margin |
| 3.58k | 227 | 6.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Giordano International. More…
| Operations | Investing | Financing |
| 702 | -26 | -771 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Giordano International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.92k | 1.45k | 1.45 |
Key Ratios Snapshot
Some of the financial key ratios for Giordano International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.7% | -12.7% | 10.5% |
| FCF Margin | ROE | ROA |
| 18.1% | 10.0% | 6.0% |
VI Analysis
GIORDANO INTERNATIONAL is a low risk investment based on its financial and business fundamentals. With the help of VI app, investors can quickly assess the company’s long term potential. The app provides an easy to understand risk rating score and highlights any potential risks. For GIORDANO INTERNATIONAL, the VI app detected two risk warnings in the income sheet and balance sheet. These warnings could be related to the company’s cash flow, profitability or other financial indicators. Investors should therefore evaluate these risk warnings before making an investment decision. The VI app also provides other useful information such as the company’s financial history, trends and performance metrics. This helps investors gain a better understanding of the company’s long term potential and make better informed decisions. Overall, the VI app can be a valuable tool for investors looking to make an informed decision about GIORDANO INTERNATIONAL. It provides an easy to use risk rating score and highlights any potential risks that could affect the company’s long term performance. By registering with the app, investors can gain access to more detailed information about the company and make better investment decisions. More…
VI Peers
Giordano International Ltd is an industry leader in the fashion retail market, but they face fierce competition from Xtep International Holdings Ltd, Truworths International Ltd, and Tapestry Inc. All four companies strive to provide the best fashion trends and experiences for customers, but only one can come out on top.
– Xtep International Holdings Ltd ($SEHK:01368)
Xtep International Holdings Ltd is a Chinese company that specializes in the design, development, manufacture, and marketing of sports apparel, sporting goods, and casual shoes. The company has achieved a market capitalization of 24.13 billion dollars as of 2023, which ranks it amongst the top publicly traded companies in China. In addition to its impressive market capitalization, Xtep also boasts a robust return on equity of 12.5%, significantly higher than the industry average. This high ROE is a sign of the company’s efficient use of its capital and overall financial performance.
– Truworths International Ltd ($OTCPK:TRWKF)
Truworths International Ltd is a South African retailer with a market cap of 1.34 billion in 2023. It operates retail stores in South Africa and other countries in Africa, offering apparel, footwear, accessories and cosmetics. The company has achieved a Return on Equity of 42.8%, which is higher than the average ROE of most retailers. This shows that the company is well managed and is able to generate returns on its equity investments. The strong market cap and ROE reflect the company’s ability to create value for shareholders.
– Tapestry Inc ($NYSE:TPR)
Tapestry Inc is a multinational luxury fashion house based in New York City. They own and manage a variety of fashion brands, including Coach, Kate Spade, and Stuart Weitzman, and are the parent company of the Tapestry Collection. As of 2023, Tapestry Inc has a market capitalization of 10.45 billion dollars, which reflects their financial health and success in the fashion industry. Additionally, their Return on Equity (ROE) is currently at 29.08%, indicating that the company has been able to effectively use its assets and equity to generate profits.
Summary
Investors are optimistic about Giordano International‘s prospects, with forecasts pointing to strong net profit growth in the second half of the year. This news has been met with a positive sentiment in the market, resulting in an increase in the company’s stock price. As such, investors are advised to consider investing in Giordano International as the company is expected to experience significant growth in the near future.
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