TEXWINCA HOLD (00321) Rises Over 7% Against Market Trend, Sets Single-Day Sales Record During Double 11 with 46% H1 E-commerce GMV Growth
Stock News
Nov 18
TEXWINCA HOLD (00321) surged over 7% against the market trend, gaining 6.32% at the time of writing to HKD 1.01, with a turnover of HKD 11.36 million.
The company, parent of Baleno, reported record-breaking single-day sales exceeding RMB 10 million during this year's Double 11 shopping festival, according to Executive Vice Chairman Poon Ho Tak. Its e-commerce GMV grew 46% year-on-year to HKD 350 million in the first half, with plans to increase light-asset investments in the sector.
Notably, TEXWINCA's interim results as of September-end showed a 50% interim dividend payout ratio, with an annual target of 60–80%. The group maintained healthy cash flow, with net cash rising HKD 300 million to HKD 1 billion since March-end, driven by improved operating cash.
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