Vesync Co Ltd

02148: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 3.10	Xwbm	Xlksrwwrp

Vesync Guides Weaker First-Half 2022 Earnings on Higher Costs and Foreign Exchange Loss

Chokwai Lee

Aug 16, 2022

Vesync’s latest profit guidance is disappointing, coming in below our cuts in our last profit forecast. The firm guided that first-half 2022 earnings will decrease by about 40% to 60% year on year, mainly attributable to high freight costs, foreign exchange loss, and rising staff costs on the back of its business expansion. We think this could exert near-term pressure on Vesync’s share price performance.

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