HK Stock Market Move | BOSIDENG (03998) rose more than 4% in the afternoon, with record high annual performance. HSBC says dividend per share higher than expected.

BOSIDENG (03998) rose more than 4% in the afternoon, as of the time of press, it has increased by 4.71% to 4.67 Hong Kong dollars, with a trading volume of 71.6145 million Hong Kong dollars. On the news front, on the evening of June 26th, BOSIDENG released its financial performance for the 2024/25 fiscal year, with the company achieving a revenue of approximately 25.902 billion yuan, an 11.6% year-on-year increase; net profit increased by 14.3% to approximately 3.514 billion yuan. This marks the 8th consecutive year of record revenue and net profit for the company. In addition, the company plans to distribute a final dividend of 22.0 Hong Kong cents. HSBC stated that BOSIDENG's net profit for fiscal year 2025 increased by 14% year-on-year, in line with the bank's estimates; the dividend per share is 0.28 yuan, 6% higher than the bank's expectations. The bank made minor adjustments to its profit forecast for BOSIDENG and believed that winter sales are a key catalyst for profitability. HSBC raised the company's target price from 5.2 Hong Kong dollars to 5.6 Hong Kong dollars, equivalent to a forecasted P/E ratio of approximately 13.9 times for fiscal year 2026, with a dividend yield of 5.8%, and maintained a "buy" rating.