bullish

Water Oasis

Water Oasis: Lockdown Affected H1 FY22, Improving H2

Equity Bottom-Up
430 Views, 23 Jun 2022 23:12
EXECUTIVE SUMMARY
  • Water Oasis (1161 HK) reported a tepid H1 with profits coming in at 26 mn HKD, down 56.2% YoY.  This was below our expectations as the company received no subsidies.
  • No interim dividend was paid as the profit in H1 was minuscule, and business had commenced on the 21st of April, impacting a month of H2.  
  • Save for another lockdown in HK, we see a substantial improvement in profitability for Water Oasis (1161 HK) in H2, along with subsidies that are being paid retrospectively.
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Sameer Taneja
Equity, Bottom-up Analyst
Investics Research
Equity Bottom-UpThematic (Sector/Industry)

Equity Bottoms up analyst Ex-Kelusa ( 2007-2015). Covered over 80 stocks in the industrials and materials sector.

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