Lever Style details valuation methods for sportswear asset acquisition

Lever Style Corp. ( (HK:1346) ) has shared an update.

Lever Style Corporation issued a supplemental announcement to provide further clarity on the valuation and methodology used in its previously disclosed acquisition of assets. The board emphasized that the additional details aim to give shareholders more comprehensive information about how the acquired sportswear-related business was assessed.

The company explained that its valuer defined an asset-light model as having less than one-third of apparel manufactured in-house and detailed the in-house production levels of seven selected comparable sportswear companies. It also outlined how the forward one-year P/E ratios were sourced from LSEG Workspace and described a multi-step screening process that narrowed an initial universe of 147 apparel and footwear firms down to seven comparables, excluding larger or high-multiple peers to better match the small, stable revenue profile of the sale assets.

The most recent analyst rating on (HK:1346) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Lever Style Corp. stock, see the HK:1346 Stock Forecast page.

More about Lever Style Corp.

Lever Style Corporation is a Hong Kong-listed apparel company that operates an asset-light model, focusing on design, sourcing and coordination of manufacturing rather than owning large production facilities. Its business is aligned with the sportswear and outdoor apparel segment, where outsourcing production to third-party manufacturers is a common strategy to enhance flexibility and manage costs.

Average Trading Volume: 180,771

Technical Sentiment Signal: Buy

Current Market Cap: HK$920.3M

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