Texhong International Group (SEHK:2678) - Stock Price, News & Analysis

2678 Stock Overview

An investment holding company, primarily manufactures and sells yarns, grey fabrics, and non-woven and garment fabrics.

2678 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 67.2% below our estimate of its fair value

Earnings are forecast to grow 26.72% per year

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Has a high level of debt

Unstable dividend track record

Texhong International Group Limited Competitors

Best Pacific International Holdings

SEHK:2111

HK$2.8b

Pacific Textiles Holdings

SEHK:1382

HK$2.2b

Texwinca Holdings

SEHK:321

HK$1.2b

Billion Industrial Holdings

SEHK:2299

HK$9.5b

Price History & Performance

Summary of all time highs, changes and price drops for Texhong International Group
Historical stock prices
Current Share Price	HK$4.04
52 Week High	HK$5.48
52 Week Low	HK$3.45
Beta	1.09
11 Month Change	-16.87%
3 Month Change	7.16%
1 Year Change	-18.05%
33 Year Change	-65.99%
5 Year Change	-51.03%
Change since IPO	260.71%

Optimistic Investors Push Texhong International Group Limited (HKG:2678) Shares Up 25% But Growth Is Lacking

Sep 30

Shareholders Will Be Pleased With The Quality of Texhong International Group's (HKG:2678) Earnings

Sep 27

Recent updates

Optimistic Investors Push Texhong International Group Limited (HKG:2678) Shares Up 25% But Growth Is Lacking

Sep 30

Shareholders Will Be Pleased With The Quality of Texhong International Group's (HKG:2678) Earnings

Sep 27

Is There An Opportunity With Texhong International Group Limited's (HKG:2678) 33% Undervaluation?

Mar 21

Calculating The Intrinsic Value Of Texhong International Group Limited (HKG:2678)

Dec 09

Should You Think About Buying Texhong International Group Limited (HKG:2678) Now?

Mar 13

Is Texhong Textile Group (HKG:2678) A Risky Investment?

Oct 28

Is Texhong Textile Group Limited (HKG:2678) Potentially Undervalued?

May 06

Texhong Textile Group (HKG:2678) Has A Pretty Healthy Balance Sheet

Apr 08

Texhong Textile Group (HKG:2678) Is Increasing Its Dividend To HK$0.57

Mar 18

Should You Investigate Texhong Textile Group Limited (HKG:2678) At HK$10.64?

Jan 13

Is Texhong Textile Group (HKG:2678) A Risky Investment?

Nov 26

What Does Texhong Textile Group Limited's (HKG:2678) Share Price Indicate?

Oct 07

Here's Why Texhong Textile Group (HKG:2678) Can Manage Its Debt Responsibly

Aug 26

Is Now An Opportune Moment To Examine Texhong Textile Group Limited (HKG:2678)?

Jun 15

These 4 Measures Indicate That Texhong Textile Group (HKG:2678) Is Using Debt Extensively

May 16

Texhong Textile Group Limited (HKG:2678) Released Earnings Last Week And Analysts Lifted Their Price Target To CN¥9.61

Mar 16

Is Texhong Textile Group Limited (HKG:2678) Potentially Undervalued?

Mar 02

Texhong Textile Group (HKG:2678) Has Gifted Shareholders With A Fantastic 127% Total Return On Their Investment

Feb 09

Taking A Look At Texhong Textile Group Limited's (HKG:2678) ROE

Jan 19

Is Texhong Textile Group (HKG:2678) Using Too Much Debt?

Dec 29

What Kind Of Shareholders Hold The Majority In Texhong Textile Group Limited's (HKG:2678) Shares?

Dec 08

Shareholder Returns

	2678	HK Luxury	HK Market
7D	-8.0%	-0.8%	-1.0%
1Y	-18.1%	-3.9%	15.0%

Return vs Industry: 2678 underperformed the Hong Kong Luxury industry which returned -3.9% over the past year.

Return vs Market: 2678 underperformed the Hong Kong Market which returned 15% over the past year.

Price Volatility

Is 2678's price volatile compared to industry and market?
2678 volatility
2678 Average Weekly Movement	8.0%
Luxury Industry Average Movement	6.8%
Market Average Movement	9.0%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.3%

Stable Share Price: 2678 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 2678's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	27,011	Yongxiang Zhu	www.texhong.com

Texhong International Group Limited, an investment holding company, primarily manufactures and sells yarns, grey fabrics, and non-woven and garment fabrics. It also offers dyed clothes and dresses, cotton and cotton blend yarns, greige, dyed and finished woven fabrics, threads, textile knitting products, special textile for construction, decoration products, and garments. In addition, the company processes cotton; sells denim fabric and apparel, woven garment fabrics; and trades in textile products.

Texhong International Group Limited Fundamentals Summary

How do Texhong International Group's earnings and revenue compare to its market cap?
2678 fundamental statistics
Market cap	HK$3.71b
Earnings (TTM)	HK$703.00m
Revenue (TTM)	HK$25.40b

5.3x

P/E Ratio

0.1x

P/S Ratio

Is 2678 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2678 income statement (TTM)
Revenue	CN¥23.17b
Cost of Revenue	CN¥20.49b
Gross Profit	CN¥2.69b
Other Expenses	CN¥2.04b
Earnings	CN¥641.44m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.70
Gross Margin	11.59%
Net Profit Margin	2.77%
Debt/Equity Ratio	95.2%

How did 2678 perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

13%

Payout Ratio

2678 Stock Overview

Rewards

Risk Analysis

Texhong International Group Limited Competitors

SEHK:2111

HK$2.8b

SEHK:1382

HK$2.2b

SEHK:321

HK$1.2b

SEHK:2299

HK$9.5b

Price History & Performance

Recent News & Updates

Investor sentiment deteriorates as stock falls 16%

Optimistic Investors Push Texhong International Group Limited (HKG:2678) Shares Up 25% But Growth Is Lacking

Shareholders Will Be Pleased With The Quality of Texhong International Group's (HKG:2678) Earnings

Investor sentiment improves as stock rises 15%

Upcoming dividend of HK$0.10 per share

First half 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.81 loss in 1H 2023)

Recent updates

Investor sentiment deteriorates as stock falls 16%

Optimistic Investors Push Texhong International Group Limited (HKG:2678) Shares Up 25% But Growth Is Lacking

Shareholders Will Be Pleased With The Quality of Texhong International Group's (HKG:2678) Earnings

Investor sentiment improves as stock rises 15%

Upcoming dividend of HK$0.10 per share

First half 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.81 loss in 1H 2023)

Texhong International Group Limited Proposes Interim Dividend for the Six Months Ended 30 June 2024, Payable on or About 18 October 2024

Texhong International Group Limited to Report First Half, 2024 Results on Aug 26, 2024

Now 21% overvalued

Texhong International Group Limited Approves the Election of Ye Lixin as Executive Director

Texhong International Group Limited, Annual General Meeting, May 27, 2024

Full year 2023 earnings: EPS misses analyst expectations

New minor risk - Financial data availability

Is There An Opportunity With Texhong International Group Limited's (HKG:2678) 33% Undervaluation?

Texhong International Group Limited to Report Fiscal Year 2023 Results on Mar 25, 2024

Texhong International Group Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2023

Calculating The Intrinsic Value Of Texhong International Group Limited (HKG:2678)

Texhong International Group Limited Announces Board Changes

Now 21% undervalued after recent price drop

Is Texhong International Group (HKG:2678) A Risky Investment?

What Is Texhong International Group Limited's (HKG:2678) Share Price Doing?

First half 2023 earnings released: CN¥0.81 loss per share (vs CN¥1.08 profit in 1H 2022)

Texhong International Group Limited to Report First Half, 2023 Results on Aug 18, 2023

Calculating The Fair Value Of Texhong International Group Limited (HKG:2678)

Texhong International Group Limited Announces Executive Changes

Texhong International Group Limited Provides Preliminary Assessment of the Unaudited Consolidated Management Accounts Guidance for the Five Months Ended 31 May 2023

Texhong International Group Limited Appoints Shu Wa Tung, Laurence as an Independent Non-Executive Director

Full year 2022 earnings: EPS and revenues miss analyst expectations

Should You Think About Buying Texhong International Group Limited (HKG:2678) Now?

Texhong International Group Limited Provides Earnings Guidance for the Year Ended 31 December 2022

Insufficient new directors

Texhong Textile Group Ordinary Shares to Be Deleted from OTC Equity

Is Texhong Textile Group (HKG:2678) A Risky Investment?

Upcoming dividend of HK$0.38 per share

Consensus EPS estimates fall by 13%

First half 2022 earnings released: EPS: CN¥1.08 (vs CN¥1.41 in 1H 2021)

Texhong Textile Group Limited Announces Ordinary Interim (Semi-Annual) Cash Dividend for the Six Months Ended June 30, 2022, Payable on 14 October 2022

Texhong Textile Group Limited to Report First Half, 2022 Results on Aug 29, 2022

Texhong Textile Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

Texhong Textile Group Limited Declares Final Dividend for the Year Ended 31 December 2021

Is Texhong Textile Group Limited (HKG:2678) Potentially Undervalued?

Upcoming dividend of HK$0.57 per share

Insufficient new directors

Texhong Textile Group (HKG:2678) Has A Pretty Healthy Balance Sheet

Investor sentiment improved over the past week

Texhong Textile Group (HKG:2678) Is Increasing Its Dividend To HK$0.57

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Texhong Textile Group Limited to Report Fiscal Year 2021 Results on Mar 16, 2022

Texhong Textile Group Limited Provides Earning Guidance for the Six Months Ended 31 December 2021

Should You Investigate Texhong Textile Group Limited (HKG:2678) At HK$10.64?

Is Texhong Textile Group (HKG:2678) A Risky Investment?

What Does Texhong Textile Group Limited's (HKG:2678) Share Price Indicate?

An unknown buyer entered into a memorandum of understanding to acquire Great Triumph Investments Limited from Texhong Textile Group Limited (SEHK:2678).

Company Secretary & Executive Director recently sold HK$3.1m worth of stock

Upcoming dividend of HK$0.50 per share

Company Secretary & Executive Director recently sold HK$1.4m worth of stock

Here's Why Texhong Textile Group (HKG:2678) Can Manage Its Debt Responsibly

Company Secretary & Executive Director exercised options to buy HK$2.4m worth of stock.

First half 2021 earnings released: EPS CN¥1.41 (vs CN¥0.011 in 1H 2020)