|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||1.820 - 1.850|
|52 Week Range||1.820 - 4.470|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.05 (2.50%)|
|1y Target Est||3.83|
On the 18 September 2018, Li & Fung Limited (HKG:494) will be paying shareholders an upcoming dividend amount of US$0.03 per share. However, investors must have bought the company’s stockRead More...
I’ve been keeping an eye on Li & Fung Limited (HKG:494) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, IRead More...
Moody's Investors Service has downgraded to Baa2 from Baa1 Li & Fung Limited's issuer rating and the senior unsecured ratings on its bonds, to provisional (P)Baa2 from (P)Baa1 its senior unsecured MTN rating, to provisional (P)Ba1 from (P)Baa3 its preferred stock MTN rating, and to Ba1 from Baa3 its subordinated perpetual capital securities. "The downgrade of Li & Fung's ratings reflects the impact of structural headwinds, driven by continued store closures and destocking by retail customers," says Gloria Tsuen, a Moody's Vice President and Senior Analyst. "As a result, Li & Fung's revenue and profits continue to decline, and despite management efforts to preserve cash flow and reduce leverage, the underlying business challenges cannot be absorbed at the Baa1 issuer rating level," adds Tsuen.
Hong Kong's Li & Fung Ltd , which supplies clothing and other products to retailers worldwide, reported a 45 percent fall in first-half profit after being hit by changing trends in retail and said it would spin off its logistics business. "We are cautious of the rapidly changing retail environment around the globe and trade war uncertainties," Chairman William Fung said in Li & Fung's results' statement on Wednesday, adding the company would continue to invest in its digital supply chain to give it competitive advantage.
Aug 22 (Reuters) - LI & Fung Ltd: * H1 TURNOVER $5,850 MILLION VERSUS $6,471 MILLION * SEEKING IPO FOR LOGISTICS BUSINESS TO ENHANCE ITS GROWTH * HY PROFIT ATTRIBUTABLE TO SHAREHOLDERS FROM CONTINUING ...
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Moody's Investors Service has confirmed Li & Fung Limited's Baa1 issuer rating, provisional (P)Baa1 senior unsecured MTN rating, provisional (P)Baa3 preferred stock MTN rating, the Baa1 senior unsecured ...
Hong Kong's Li & Fung Ltd , which supplies clothing and other products to retailers worldwide, said on Thursday its 2017 profit from continuing operations rose 6.5 percent amid growth in its supply chain solutions and logistics businesses. Li & Fung, which made its name by making clothing and toys for Western retailers, said profit from continuing operations rose to $170 million, from a restated $160 million in 2016. The company also said it recorded $375 million net loss for 2017, versus a $221 million profit in 2016, due to a one-time non-cash loss for discontinued operations.
March 22 (Reuters) - Li & Fung Ltd: * FY PROFIT ATTRIBUTABLE FROM CONTINUING OPERATIONS $170 MILLION VERSUS $160 MILLION * FY TURNOVER $13,534 MILLION DOWN 4.6 PERCENT * FINAL DIVIDEND 2 HK CENTS ...
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Rating Action: Moody's places Li& Fung's Baa1 ratings on review for downgrade. Global Credit Research- 18 Dec 2017. Hong Kong, December 18, 2017-- Moody's Investors Service has placed on review for downgrade ...
Shares of Li & Fung Ltd were set to open up 6.6 percent on Friday after the global exporter said it would divest its furniture, beauty and sweaters businesses for $1.1 billion. Li & Fung said it would divest the furniture, beauty and sweaters businesses, which are still under margin pressure with declining profitability, to a consortium comprising major shareholder Fung Holdings (1937) Ltd and one of China's top private equity firms, Hony Capital. UBS maintains a "buy" rating on the stock, saying the divestment of a shrinking business will allow Li & Fung to improve its capital structure and to focus on growth segments.
Hong Kong's Li & Fung Ltd said it would divest its furniture, beauty and sweaters businesses for $1.1 billion to a consortium backed by private equity firm Hony Capital, a deal that is expected to trigger net loss in 2017. The exporter, which supplies clothing and other products to retailers worldwide, said in a statement the group is expected to realise a loss of around $610 million attributable to discontinued operations including a write-down of goodwill. Li & Fung said it is at an attractive valuation as the businesses are still under margin pressure with declining profitability due to significant changes in market conditions.