Johnson Electric

Johnson Electric sales down as demand weakens

Industrial demand has fallen.

Johnson Electric posted a 4 per cent fall in total sales, which the electronic component manufacturer blamed on weaker demand and currency movements. The company's sales declined to US$2.06 billion year on year for the 12 months up to March 31, while net profit rose 2.5 per cent to a record US$191 million.

Friday, 17 May, 2013, 4:06am

Johnson Electric's focus on technology

Johnson Electric Holdings said it would rely mostly on innovative technology and new products to prop up growth this year as labour and raw material costs rise.

1 Jun 2011 - 12:00am

Corrections & clarifications

A story headlined 'Johnson Electric tips rise in sales, margins' on July 21 should have said Johnson Electric acquired Saia-Burgess for US$548 million, not US$4.5 billion.

25 Jul 2006 - 12:00am

Johnson Electric profit drops 33pc

Expensive inputs squeeze margins as restructuring costs and declining fortunes of US carmakers hurt company revenues

Micromotor maker Johnson Electric Holdings has posted a 33.44 per cent fall in net profit for the year ended March on restructuring costs and higher materials costs.

6 Jun 2006 - 12:00am

New engines of growth

Micro-motor manufacturer Johnson Electric Holdings is looking to its new trading and venture capital divisions to boost sluggish turnover growth, but analysts warn that higher revenues will come at the cost of lower margins.

7 Oct 2005 - 12:00am

WHAT THE BROKER SAID

About a year ago SHK Financial Group began coverage of the world's second-biggest mini-motor producer, Johnson Electric, with a 'hold' recommendation, fearing a bottleneck in company growth. The broker set a 12-month target price of $7.20. At the time the counter was trading at $7.50.

28 Aug 2005 - 12:00am

Global turnaround lifts local hopes

Local companies' stocks which benefit from global recovery and steady mainland economic growth are a good bet for short- to medium-term investment, according to strategists and fund managers.

They suggest that companies involved in the trade and export sectors, like Li & Fung and Johnson Electric, would also benefit from recovering United States and European economies.

3 Mar 2002 - 12:00am

Johnson Electric cites slack demand for 25pc interim fall

Johnson Electric Holdings' interim profits have slumped by a worse-than-expected 25 per cent to US$60.06 million, according to the company.

Johnson, the world's second-largest micro-motor maker, blamed the poor performance on slack demand for almost all the group's products as clients deferred orders.

12 Dec 2001 - 12:00am

Johnson turns on power

JOHNSON Electric makes micro-motors for car parts, consumer products, home appliances and power tools.

ABN Amro recently put a buy on the stock, pointing to strong earnings outlook and rising cash flow. It believes the economic slowdown in the United States and Europe will help rather than hurt Johnson Electric, as Western companies increase outsourcing to reduce costs.

29 Nov 1998 - 12:00am

JOHNSON Electric Holdings

JOHNSON Electric Holdings designs, manufactures and markets micromotors used in personal-care products, office equipment, tools, toys and motor accessories.

Last year, ING Barings Securities (Hong Kong) put a buy on the stock, saying lower input prices would aid earnings growth.

19 Apr 1998 - 12:00am

Outlook promising for Johnson Electric

JOHNSON Electric Holdings designs, manufactures and markets micro-motors for use in home appliances and personal-care items, car parts and power tools.

Jardine Fleming recently re-affirmed its buy on the stock, saying it should further outperform the market.

14 Dec 1997 - 12:00am

Johnson Electric

Micromotor-maker Johnson Electric saw its share price drop yesterday, ending down 95 cents at $22, a loss of 4.13 per cent. The stock is down 7 per cent since Tuesday.

After advancing almost 40 per cent since the end of October, analysts said the stock was now ready for some profit-taking.

'Investors are taking profits on good news,' one analyst said.

22 Feb 1997 - 12:00am

Demand squeezes Johnson outlook

JOHNSON Electric Holdings is likely to disappoint the market and post a third year of flat earnings, according to Crosby Securities.

Johnson designs, manufactures and markets micro-motors, which are used in a range of tools, toys, leisure products, car components and accessories.

15 Oct 1995 - 12:00am

Johnson Electric in gear for growth

WITH projected sales growth of 15 to 20 per cent this year and plants operating at full capacity, micromotor-maker Johnson Electric is spending HK$300 million to expand its production facilities in Guangdong province.

13 Aug 1994 - 12:00am

Mini motors, maxi growth

THE issue of US$150 million of convertible bonds by Johnson Electric has prompted some corporate observers to ask whether the group, one of the world's leading mini-motor makers, is losing its focus.

Until very recently, the only groups issuing this form of debt paper to raise cash in Hong Kong had been property-orientated companies.

1 Nov 1993 - 12:00am

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