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𝛼SKbullish
Lawson (2651) | Dividend Grower
859 Views06 Jul 2023 04:39
We are bullish on Lawson as earnings recovery underway - see fair value at Y7,500 per share based on 3% FY2/25 DPS of Y225/share.
Boomeranged on Tue, 11 Jul 2023 21:06
Positive Q1 beat: Lawson reported +64% yoy growth in profit to Y26B. That significantly beat consensus estimates, but comps include an accounting shift to IFRS. Even so, Q1 amounts to 41% progress towards FY guidance of Y64B. We remain bullish on recovery in China business, profitability improvements and higher shareholder returns.
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