EMPEROR WATCH&J Jewelry reports a positive profit forecast | Tang Niu
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EMPEROR WATCH&J (887) issued a profit warning, expecting last year's profit to rise by over 60% to no less than HKD 420 million, mainly due to strong retail performance in Hong Kong and mainland China. The Hong Kong stock market successfully stabilized at 27,100 points yesterday, with no significant increase in trading volume, indicating that the selling pressure above is not heavy, and buying interest easily pushed the index higher. After the profit warning, the price-to-earnings ratio dropped to 4 times, with cash on hand of HKD 1.5 billion, equivalent to nearly 90% of the market value
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