bullish

Asian Dividend Gems: Giordano International

752 Views21 Oct 2023 00:19
SUMMARY
  • Giordano, one of the most recognizable apparel business in Asia, has been improving its operations materially with solid growth in sales and profits.
  • Giordano provides very high dividend yield and payout. The consensus expects DPS of HKD 0.28 for Giordano in 2023, which would suggest a dividend yield of 12.8%.
  • We like the company's high dividend yield, loyal customer base, and attractive valuations. It is trading at EV/EBITDA of 3.6x and P/B of 1.5x.
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Douglas Kim
Korea/Asia, Events, IPOs/Douglas Research Advisory
South KoreaEquity Bottom-UpEquity Capital Markets
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