0494.HK - Li & Fung Limited

HKSE - HKSE Delayed price. Currency in HKD
4.140
-0.040 (-0.957%)
At close: 4:09PM HKT
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Previous close4.180
Open4.170
Bid4.130 x 0
Ask4.140 x 0
Day's range4.120 - 4.190
52-week range2.750 - 4.470
Volume10,641,443
Avg. volume19,724,694
Market cap35.066B
BetaN/A
PE ratio (TTM)20.00
EPS (TTM)0.207
Earnings dateN/A
Forward dividend & yield0.23 (5.60%)
Ex-dividend date2017-06-05
1y target est4.92
  • Li & Fung's Middle Ground
    Bloomberglast month

    Li & Fung's Middle Ground

    The divestment will give the group greater agility and the CEO more control.

  • Reuterslast month

    HK's Li & Fung set to open up 6.6 pct on $1.1 bln divestment

    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.

  • Reuterslast month

    HK's Li & Fung to sell furniture, beauty, sweaters businesses for $1.1 bln

    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.

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