Core Viewpoint - The company Bruco (00325) has announced a share buyback plan funded by its cash reserves and free cash flow, while also facing challenges with delayed new product launches that have led to a downward revision of its revenue guidance for the year [1][1]. Group 1: Share Buyback Plan - Bruco plans to repurchase shares until December 31, using available cash reserves and free cash flow, with no involvement of funds from the global share offering [1][1]. - The board has been authorized to buy back up to 10% of the total issued shares, which amounts to a maximum of 24.925 million shares [1][1]. Group 2: Revenue Guidance and Financial Performance - Citigroup has downgraded Bruco's revenue guidance for the year to a growth of over 50% year-on-year due to delays in new product launches [1][1]. - The company expects revenue growth of 70% to 80% in the second half of the year [1][1]. - The decline in gross margin for the first half is attributed to new product costs and initial transportation costs related to overseas expansion, but this impact is expected to lessen as overseas business and new product sales increase [1][1]. Group 3: Market Sentiment and Target Price - Citigroup has lowered the target price for Bruco from 155 HKD to 128 HKD, reflecting concerns over the new product launch timeline [1][1]. - The market is currently focused on the progress of new product releases as a key factor influencing Bruco's short-term performance [1][1].
港股异动 | 布鲁可(00325)跌超4% 管理层下调今年收入指引 花旗料公司毛利率恢复去年水平仍需时