Half-year profit expectation jumps against the trend, Australian electronics retailer shares soar
2014-01-28 17: 52: 48
Editor in charge: Catherine
(Newspaper from this newspaper) Australian electrical retail giant JB Hi-Fi has maintained its full-year sales forecast and estimates that its profit in the second half of last year will increase by 10%. Driven by this good news, its share price recorded its biggest increase in nearly a year-a jump of 11%.
Terry Smart, the CEO of JB Hi-Fi, recently announced trade data. Prior to this, a series of retailers such as The Reject Shop and Super Retail revised their profit forecasts earlier this month, causing investors to panic. Consumer staples stocks were sold off as a result. JB Hi-Fi's American peers GameStop and Best Bu have also recently lowered their profit expectations.
After the announcement of this gratifying news, JB Hi-Fi's stock price jumped 2.02 yuan in early trading on Tuesday, to 20.31 yuan, ending the second consecutive decline. Its stock price fell from 1 yuan to 10 yuan on January 22.82, its lowest point since August last year. However, its stock price gradually picked up during the Christmas sales season.
Deutsche Bank analyst Michael Simotas believes that retailers such as JB Hi-Fi, Myer and David Jones outperform discount retailers such as The Reject Shop and Super Retail Group during the holidays and clearance auctions.
<IMG id=imgprePIC title=点击在新窗口中查看图片 onclick="window.open(this.src,'_blank');" src="/site1/news/finance/images/2014/01/28/EFC4653F194C3947C8593F0B59741949.jpg" qvod="0"
Total 1 pages 1