Wasion Holdings unit Willfar posts nine-month revenue, profit decline

Overview

• China smart metering firm's nine-month revenue fell 15% yr/yr

• Profit for nine months dropped 30% yr/yr

• Results are unaudited and limited to Willfar Information Technology operations

Outlook

• Company did not provide specific guidance or outlook commentary for future periods in the press release

Result Drivers

• REVENUE DECLINE - Co reported nine-month revenue fell 15% yr/yr for Willfar Information Technology operations

• PROFIT DROP - Co said nine-month profit for Willfar Information Technology fell 30% yr/yr

Company press release: Full Story

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

• Wall Street's median 12-month price target for Wasion Holdings Ltd is HK$22.00, about 105.2% above its October 30 closing price of HK$10.72

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)