Poya’s expansion boosting earnings, KGI Securities saysBy Chen Cheng-hui / Staff reporterCosmetics chain operator Poya International Co Ltd (寶雅國際) is to see earnings grow 10 to 15 percent year-on-year this year, as store openings would offset lower-than-expected single-store sales during the COVID-19 pandemic, KGI Securities Investment Advisory Co (凱基投顧) said in a note. With faster store expansion and better operating leverage, Poya’s earnings growth is likely to accelerate next year, KGI said on Tuesday. People walk past the entrance of a Poya International Co outlet on Xinyi Road in Taipei on April 16. It is expected to open 25 Poya outlets and 30 Poya Home stores next year, which would lift its earnings by 27 percent from this year, they added. In light of the strong third-quarter results and Poya’s expansion strategy, KGI has adjusted its EPS forecast for this year from NT$21.15 to NT$21.96, and predicted that next year’s would reach NT$27.79.

Source: Taipei Times November 01, 2020 15:56 UTC