bearish

Mani Inc

Mani (7730 JP): Profit to Decline in Q2; China’s Worsening COVID Outbreak to Weigh on H2 Performance

246 Views15 Mar 2022 23:21
SUMMARY
  • Mani Inc (7730 JP) shares have plunged 19% since we have published our bearish insight on the company on January 13.
  • FY22 guidance implies 22% and 56%, y/y, decline in operating profit and profit attributable to owners of parent, respectively, in Q2FY22.
  • We are cautious on H2FY22 recovery and financial performance of Mani due to worsening COVID-19 condition in China, which is one of its major markets.
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