JS Global Signs USD200 Million FX Forward to Hedge SharkNinja APAC Currency Risks

JS Global Lifestyle Company Limited ( (HK:1691) ) just unveiled an update.

JS Global Lifestyle Company Limited has entered into a foreign exchange forward contract with a bank, with a notional amount of up to USD200 million and a tenor of up to one year, to hedge CNH exposure against USD, JPY, AUD, NZD, SGD, KRW and INR, with settlement in CNH at maturity. Classified as a discloseable transaction under Hong Kong listing rules, the contract is designed to manage currency risks arising from the SharkNinja APAC segment’s multi-currency receivables and payables, and the board considers the terms fair, reasonable and in the interests of shareholders, signaling a more structured approach to financial risk management within the group.

The most recent analyst rating on (HK:1691) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on JS Global Lifestyle Company Limited stock, see the HK:1691 Stock Forecast page.

More about JS Global Lifestyle Company Limited

JS Global Lifestyle Company Limited is a Cayman Islands–incorporated company principally engaged in trading transformational and innovative small household appliances under the Joyoung, Shark and Ninja brands, operating through two main segments: Joyoung and SharkNinja APAC. The SharkNinja APAC segment reports in Renminbi but has trade receivables and payables in multiple foreign currencies, exposing the business to translational currency risks.

Average Trading Volume: 11,089,110

Technical Sentiment Signal: Buy

Current Market Cap: HK$6.3B

For detailed information about 1691 stock, go to TipRanks’ Stock Analysis page.