Added to YB: 2024-09-05
Pitch date: 2024-09-03
1836.HK [bullish]
Stella International Holdings Limited
+22.3%
current return
Author Info
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Company Info
Stella International Holdings Limited, an investment holding company, engages in development, manufacture, and sale of footwear products and leather goods in North America, the People’s Republic of China, Europe, Asia, and internationally.
Market Cap
HKD 1.8B
Pitch Price
HKD 12.88
Price Target
19.35 (+23%)
Dividend
7.38%
EV/EBITDA
5.98
P/E
9.97
EV/Sales
0.97
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Deep Dive: Stella International (HK.1836)
1836.HK: 30% upside to HK$19.35. 10% dividend yield + 10% earnings growth = ~20% IRR. Luxury athleisure & Nike high-end focus drive growth. New mgmt since 2019 improved ROIC & ops. 15mn capacity expansion, 15 new luxury logos. Strong PD team, multi-batch capability. Risks: Nike strategy change, luxury shift from athleisure.
Read full article (9 min)