Highway Holdings Declares $0.02 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Should l Buy HIHO?
Source: Newsfilter
Dividend Announcement: Highway Holdings Limited declared a cash dividend of $0.02 per common share, to be paid on October 11, 2024, to shareholders of record by October 4, 2024.
Company Outlook: Despite not fully returning to pre-COVID business levels, the company is seeing signs of improvement and maintains confidence in its long-term prospects and financial strength.
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Analyst Views on HIHO
About HIHO
Highway Holdings Ltd is a holding company mainly engaged in the offering of end-to end manufacturing solutions. The Company is mainly engaged in the design and manufacturing of stamping tools, injection molding parts, brushless DC motor. The Company is also mainly engaged in the production of automation equipment, cleaning equipment. In addition, the Company is engaged in the manual assembly.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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Additional Information: The article also mentions Seeking Alpha’s Quant Rating on Highway Holdings and provides financial information about the company.
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See More
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- Durable Goods Orders Decline: U.S. durable goods orders fell by 2.2% month-over-month to $307.4 billion in October, significantly missing market expectations of a 1.5% decline, reflecting weak manufacturing demand that could impact future economic growth.
- Accelerated GDP Growth: The U.S. GDP grew at an annualized rate of 4.3% in the third quarter, up from 3.8% in the previous quarter and exceeding market estimates of 3.3%, indicating potential for economic recovery that may positively influence the stock market.
- Mixed Sector Performance: Communication services rose by 0.5% while consumer staples fell by 0.5%, demonstrating varied market reactions across sectors, prompting investors to monitor industry dynamics for strategic adjustments.
See More
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- Slight Industrial Production Increase: U.S. industrial production rose by 0.1% month-over-month in October and November, suggesting stability in manufacturing, which may support ongoing economic growth despite the modest increase.
- Decline in Durable Goods Orders: Durable goods orders fell by 2.2% month-over-month to $307.4 billion in October, reflecting a cautious stance among businesses amid uncertainties, which could impact future production plans and economic outlook.
- Mixed Market Reactions: Despite positive economic data, stock market performance was mixed, with the Nasdaq rising by 0.2% while the Dow dipped slightly, indicating varied investor responses across different sectors that may influence short-term market sentiment.
See More
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- Letter of Intent Signed: Highway Holdings has signed a letter of intent with LeMALe to acquire 51% of German Regent-Feinbau primarily for cash and some unregistered shares, targeting completion by March 2026, which aims to reinvigorate its OEM business and replace lost customer revenue due to COVID challenges.
- Significant Market Potential: The Chinese automotive market is projected to reach $660 billion with a growth rate exceeding 2%, and with sheet metal components comprising about 8% to 12% of vehicles, this acquisition opens up approximately $50 billion annual market opportunities for Highway Holdings, enhancing its competitive edge in this sector.
- Enhanced Technical Capabilities: The acquisition will enable Highway Holdings to offer thick sheet metal cutting, bending, and welding capabilities, addressing a critical gap in its service offerings and allowing direct engagement with local customers in China, thereby increasing market penetration.
- Strong Financial Foundation: With no debt and approximately $5.3 million in cash and cash equivalents, equating to about $1.20 per share, the company is well-positioned to support the acquisition and future M&A strategies, reinforcing its growth trajectory.
See More
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- Letter of Intent Signed: Highway Holdings has signed a letter of intent with LeMaLe to acquire 51% of German Regent-Feinbau primarily for cash and unregistered shares, targeting completion by March 2026 to enhance its competitiveness in the automotive market.
- Significant Market Potential: The Chinese automotive market is valued at approximately $660 billion, with a projected growth rate exceeding 2% over the next five years, and Regent-Feinbau's expertise will enable Highway Holdings to penetrate this rapidly expanding market.
- Enhanced Technical Capabilities: The acquisition will allow Highway Holdings to offer new capabilities in thick sheet metal cutting, bending, and welding, filling a critical gap in its metal components portfolio and attracting more customers to increase market share.
- Strong Financial Foundation: Highway Holdings boasts approximately $5.3 million in cash and cash equivalents with virtually no debt, providing a robust financial base to support this acquisition and future M&A strategies.
See More
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Acquisition Announcement: Highway Holdings (HIHO) has signed a letter of intent to acquire 51% of German-based Regent-Feinbau Adermann GmbH, primarily through cash and some unregistered shares.
Conditions for Completion: The acquisition is expected to close by the end of March 2026, pending due diligence, negotiation of a definitive purchase agreement, and fulfillment of customary closing conditions.
Market Reaction: Following the announcement, Highway Holdings (HIHO) shares rose by 1.81% in premarket trading.
Additional Information: The article also mentions Seeking Alpha’s Quant Rating on Highway Holdings and provides financial information about the company.
See More
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- Sales Decline: Highway Holdings reported net sales of $1.18 million in Q2 FY2026, a 44% decrease from $2.11 million in the same quarter last year, directly impacting the company's revenue and overall financial health.
- Widening Net Loss: The company recorded a net loss of $373,000 in Q2, translating to a diluted loss of $0.08 per share, compared to a net income of $231,000 in the prior year, highlighting the adverse effects of customer production restructuring on business performance.
- Gross Margin Decline: Gross profit for Q2 was $301,000, with a gross margin of 25.5%, significantly down from 39.4% year-over-year, reflecting the direct impact of reduced sales on profitability.
- Strong Cash Position: As of September 30, 2025, the company had total assets of $8.37 million and cash and cash equivalents exceeding $5.6 million, indicating relative stability in liquidity despite operational challenges.
See More
