In today’s briefing:
- Health And Happiness (H&H) – Earnings Flash – FY 2024 Results – Lucror Analytics
- Lucror Analytics – Morning Views Asia
Health And Happiness (H&H) – Earnings Flash – FY 2024 Results – Lucror Analytics
- Health and Happiness’ (H&H) FY 2024 results were soft, as the company continued to report weaker earnings and margins from the Baby Nutrition & Care (BNC) business in Mainland China.
- The weakness was only partly offset by continued growth in the Adult Nutrition & Care (ANC) and Pet Nutrition & Care (PNC) segments.
- Positively, management guided for the infant milk formula business in Mainland China to improve during H1/25 (after a 25% revenue decline in FY 2024), supported by completion of the transition to new Guobiao regulatory standards as well as continued market share gains.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Pakuwon Jati, Bharti Airtel, China Jinmao
- US President Donald Trump has signed an executive order to impose 25% tariffs on imports of automobiles and auto parts from April 2 nd, saying that “what we’re going to be doing is a 25% tariff for all cars that are not made in the United States”.
- European Commission President Ursula von der Leyen said she deeply regrets the US tariff decision, and will continue to seek negotiated solutions while safeguarding the bloc’s economic interests.
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