Nameson Holdings (SEHK:1982) Margins Strengthen, Supporting Cautious Bull Cases Despite Slower Earnings Growth

Simply Wall St.

Dec 26, 2025

Nameson Holdings (SEHK:1982) has just posted its H1 2026 numbers, with revenue of HK$2.8 billion and net income of HK$336 million translating to basic EPS of HK$0.15. Looking back, the company has ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2594252183"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2594252183\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2594252183?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/4131000-choice2-main-header/1585186733037","is_english":true,"pubTime":"2025-12-26 03:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2594252183","market":"sg","top_or_hot":-1,"title":"Nameson Holdings (SEHK:1982) Margins Strengthen, Supporting Cautious Bull Cases Despite Slower Earnings Growth","media":"Simply Wall St.","content":"<div>\n<p>Nameson Holdings (SEHK:1982) has just posted its H1 2026 numbers, with revenue of HK$2.8 billion and net income of HK$336 million translating to basic EPS of HK$0.15. Looking back, the company has ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/consumer-durables/hkg-1982/nameson-holdings-shares/news/nameson-holdings-sehk1982-margins-strengthen-supporting-caut\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nameson Holdings (SEHK:1982) Margins Strengthen, Supporting Cautious Bull Cases Despite Slower Earnings Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNameson Holdings (SEHK:1982) Margins Strengthen, Supporting Cautious Bull Cases Despite Slower Earnings Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-26 03:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/consumer-durables/hkg-1982/nameson-holdings-shares/news/nameson-holdings-sehk1982-margins-strengthen-supporting-caut><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nameson Holdings (SEHK:1982) has just posted its H1 2026 numbers, with revenue of HK$2.8 billion and net income of HK$336 million translating to basic EPS of HK$0.15. Looking back, the company has ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/consumer-durables/hkg-1982/nameson-holdings-shares/news/nameson-holdings-sehk1982-margins-strengthen-supporting-caut\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01982","symbol_name":"南旋控股","start_time":0,"source_url":"https://simplywall.st/stocks/hk/consumer-durables/hkg-1982/nameson-holdings-shares/news/nameson-holdings-sehk1982-margins-strengthen-supporting-caut","article_id":"2594252183","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4131000-choice2-main-header/1585186733037"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/consumer-durables/hkg-1982/nameson-holdings-shares/news/nameson-holdings-sehk1982-margins-strengthen-supporting-caut","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2594252183","pubTimestamp":1766690471,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Nameson Holdings (SEHK:1982) has just posted its H1 2026 numbers, with revenue of HK$2.8 billion and net income of HK$336 million translating to basic EPS of HK$0.15. Looking back, the company has kept revenue broadly around the HK$2.8 billion mark over the past two first halves. Net income moved from HK$298 million (EPS of HK$0.13) in H1 2025 to HK$336 million (EPS of HK$0.15) this time, and the trailing twelve month EPS of HK$0.17 and net income of HK$380 million frame these results within...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"01982":"南旋控股","BK1227":"服装、服饰与奢侈品"},"translate_title":"南旋控股（SEHK：1982）利润率走强，尽管盈利增长放缓，但仍支持谨慎的牛市案例","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01982":0.9},"content_text":"Nameson Holdings (SEHK:1982) has just posted its H1 2026 numbers, with revenue of HK$2.8 billion and net income of HK$336 million translating to basic EPS of HK$0.15. Looking back, the company has kept revenue broadly around the HK$2.8 billion mark over the past two first halves. Net income moved from HK$298 million (EPS of HK$0.13) in H1 2025 to HK$336 million (EPS of HK$0.15) this time, and the trailing twelve month EPS of HK$0.17 and net income of HK$380 million frame these results within a steady profitability profile. With net profit margins edging higher over the last year, investors will be weighing whether the latest set of figures supports a more durable earnings story. See our full analysis for Nameson Holdings. With the headline numbers on the table, the next step is to see how this earnings print lines up with the dominant stories around Nameson Holdings, highlighting where the hard data backs the narrative and where it pushes back. Curious how numbers become stories that shape markets? Explore Community Narratives SEHK:1982 Earnings & Revenue History as at Dec 2025 Margins Nudge Up To 8.6 Percent  Trailing net profit margin sits at 8.6 percent, a touch above the 8.4 percent level reported a year earlier, while trailing net income is HK$380.1 million on HK$4.4 billion of revenue. What stands out for a generally cautious view on textile makers is that profitability has inched higher even as trailing earnings growth slowed to 2.5 percent from a 10.7 percent five year pace. This suggests the business has kept a reasonably steady margin base rather than seeing it compress sharply.\n     The latest H1 2026 half shows net income of HK$336.0 million on HK$2.8 billion of revenue, broadly in line with the trailing margin profile investors have seen over the last twelve months. Across the last three trailing snapshots, revenue has hovered around HK$4.4 billion and net income around HK$370 million to HK$380 million, so the small margin lift is occurring on a fairly stable sales base rather than a one off spike.    Low 6.4x P E Versus Peers  The trailing price to earnings ratio of 6.4 times at a HK$1.07 share price sits well below the Hong Kong market at 12.2 times, the Luxury industry at 10.3 times, and a 28.5 times peer average. General value focused thinking would argue that this discount multiple, combined with multi year earnings growth of 10.7 percent per year and positive trailing net income of HK$380.1 million, heavily supports a more constructive stance on the stock even though recent growth has cooled to 2.5 percent over the last year.\n     On a trailing revenue base of roughly HK$4.4 billion and an 8.6 percent margin, the earnings being capitalized at 6.4 times do not look like a collapsing profit stream in the raw numbers. The fact that the latest H1 2026 EPS of about HK$0.15 is not far from the trailing EPS of HK$0.17 reinforces the idea that the low multiple is not simply reacting to a sudden drop in per share profitability.    On these numbers, some investors might wonder why a business with stable margins and a 6.4 times P E trades at such a discount and look for a deeper dive into how the market narrative explains that gap. 📊 Read the full Nameson Holdings Consensus Narrative. Big Yield But Weak Cash Cover  The stock offers a 10.56 percent dividend yield, yet that payout is flagged as not being well covered by free cash flow over the last twelve months. Critics highlight that while net income has grown 10.7 percent per year over five years and still reached HK$380.1 million on a trailing basis, the combination of a double digit yield and only 2.5 percent earnings growth in the most recent year creates a clear tension between the desire for income today and the cash needed to support that level of dividends.\n     The reported DCF fair value of HK$0.29 versus the HK$1.07 share price also shows that, on this model, the stock is trading well above the cash flow based estimate even as shareholders collect a high yield. With margins only modestly higher at 8.6 percent and trailing revenue basically flat around HK$4.4 billion, the numbers do not point to a surge in operating cash that would obviously back such a generous distribution.     Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Nameson Holdings's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. See What Else Is Out There Nameson Holdings combines a low valuation with steady margins, but its double digit yield and weak cash coverage raise clear questions about dividend sustainability. If you want income backed by stronger fundamentals, use our these 1891 dividend stocks with yields > 3% today to hunt for yield opportunities with healthier payout coverage and fewer cash flow red flags.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Mobile Infrastructure for Defense and DisasterThe next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.Get the investor briefing before the next round of contractsSponsored On Behalf of CiTechValuation is complex, but we're here to simplify it.Discover if Nameson Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}