HK Stock Market Move | STELLA HOLDINGS (01836) rose more than 3%, reaching a new high in the stock price. The comprehensive income last year increased by about 3.5% compared to the previous year.

STELLA HOLDINGS (01836) rose more than 3%, reaching a high of 17.2 Hong Kong dollars to set a new record high. As of the time of writing, it is up 3.25%, trading at 17.18 Hong Kong dollars, with a turnover of 242.651 million Hong Kong dollars. On the news front, STELLA HOLDINGS announced that for the three months ending December last year, the group's total revenue decreased by about 1.1% to approximately 385 million US dollars. For the full year ending December 31 last year, cumulative total revenue increased by approximately 3.5% year-on-year to about 1.545 billion US dollars. The group has already achieved its "3-year plan" (2023-2025) target of achieving an operating profit margin of 10% by the end of 2025 and an annual post-tax profit growth rate in the low double-digit percentage. In addition to maintaining the regular dividend payout ratio at the usual level of 70% (including final dividends and interim dividends), the group also commits to return up to an additional 60 million US dollars in cash to shareholders annually over a three-year period (2024-2026) through a combination of share buybacks and special dividends, totaling no more than 180 million US dollars.