JOHNSON ELEC H

Johnson Electric Holdings opened higher and continued to rise in early morning trading, reaching HKD 18.35 as of 09:31 BJT, up approximately 7.0%, driven by recent institutional optimism and improved fundamental outlook. CICC lowered its target price from HKD 30.5 to HKD 23.35 but maintained a 'Buy' rating, noting that the fiscal first quarter (ended June 2026) results beat expectations. S&P also expects the company to maintain a net cash position over the next 12 months with a 'Stable' outlook. However, the stock has fallen 59.92% from its 52-week high of HKD 45.78 and is down 40.81% year-to-date, with the current price of HKD 18.35 below both the 20-day MA (HKD 18.866) and 60-day MA (HKD 22.885), indicating persistent technical weakness. In terms of earnings, operating profit dropped about 58.6% year-on-year and net profit fell approximately 48% in the last two quarters, though revenue maintained modest year-on-year growth of around 2%.

Johnson Electric opened sharply lower and declined unilaterally in the morning session, reaching 18.61 HKD by 9:35 BJ time, down 5.15%, with the intraday low of 18.61 nearing the 52-week low of 18.26 and 59.35% below the 52-week high of 45.78. The company previously disclosed FY2027 audit fees of approximately 3.1-3.4 million USD, while the latest quarterly data showed revenue grew slightly by 2.06% YoY to 7.12 billion HKD, but net profit plunged 47.91% YoY to 270 million HKD, with EPS of 0.2888 HKD down 47.86% YoY, significantly dragging sentiment. JPMorgan maintained a neutral rating but raised its price target from 22 HKD to 22 HKD; however, the stock has fallen below MA20 (21.233) and MA60 (23.567), with a YTD decline of 39.97%, remaining in a weak position.

Johnson Electric Holdings fell sharply during the morning session, closing 4.45% lower at HKD18.46, hitting an intraday low of HKD18.28, a new 52-week low. The company's FY2026 net profit dropped approximately 23.1% YoY to USD202 million, with EPS of HKD0.2888 down 47.86% YoY, while operating profit plunged over 58% YoY, significantly dampening investor sentiment. S&P maintained a stable outlook, while CICC and Morgan Stanley issued buy and neutral ratings respectively, though most institutions lowered target prices after the weak annual results. The stock trades well below its 20-day moving average of HKD21.75 and 60-day average of HKD23.87, down 59.68% from the 52-week high of HKD45.78, with a YTD decline of 40.45%. Nevertheless, the PE ratio stands at 10.89x and PB at just 0.78x, indicating historically depressed valuation levels.

Johnson Electric Holdings opened sharply lower and extended losses in the morning session, hitting an intraday low of HKD 18.860 before recovering slightly to close at HKD 19.410, down 5.84% on turnover of approximately HKD 236 million. The weakness was driven by a steep decline in FY2026 earnings, with Q4 net profit plunging 47.91% YoY to HKD 270 million and operating income falling 58.56% YoY, while EPS came in at just HKD 0.2888, nearly halved from the prior year. Although revenue edged up 2.06% YoY, the net profit margin of 3.79% reflected deteriorating profitability. The stock now trades 57.6% below its 52-week high of HKD 45.78 and sits below both the 20-day MA (HKD 21.903) and 60-day MA (HKD 23.99), with a year-to-date loss of 37.39%. However, S&P recently affirmed a 'Stable' outlook, expecting the company to maintain a net cash position over the next 12 months, while CICC and JPMorgan maintained Buy and Neutral ratings respectively, with a target price adjustment to HKD 22.

Dechang Electric Machinery Holdings rose sharply in the morning session, opening 0.7% higher and hitting an intraday high of HK$21.20, closing 5.0% up. The stock has rebounded 13.2% from its 52-week low of HK$18.73 on June 29, but remains 53.7% below its 52-week high of HK$45.78 and below both its MA20 (HK$22.06) and MA60 (HK$24.11). While Q4 2026 revenue grew 2.06% YoY to HK$7.12 billion, net profit plunged 47.91% YoY to HK$270 million, EPS dropped 47.86% YoY to HK$0.2888, and operating profit fell 58.56% YoY to HK$168 million, with a net profit margin of only 3.79%; however, a price-to-book ratio of 0.89 suggests some asset value support.