{"id":329034,"date":"2024-08-19T00:01:44","date_gmt":"2024-08-18T16:01:44","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329034"},"modified":"2024-08-19T00:44:44","modified_gmt":"2024-08-18T16:44:44","slug":"trade-the-news-home-earnings-down-36-percent","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-home-earnings-down-36-percent\/","title":{"rendered":"Trade the News: AllHome Corp. (HOME)&#8217;s earnings down 36% in 1H 2024"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>NEGATIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>AllHome Corp.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>HOME<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Unrated<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>Unrated<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>HOME reported P5.6-Billion in revenues at the close of the first half (1H) of 2024, down 6.9% compared to the same period in the previous year. At the same time, its net income dropped by 36.1% to P282.4 million, from P442.1 million in the previous year.<\/p>\n\n\n\n<p>\u201cAllHome\u2019s 1H 2024 saw brisk sales of cooling appliances \u2014 an uptick of 11%. These continue to offset a slower than expected completion of most construction activities of the AllHome market base, a factor in the lower turnover of units for the half, affecting AllHome\u2019s offering of finishing materials, tiles &amp; sanitary wares,\u201d the company disclosed in its press release.<\/p>\n\n\n\n<p>\u201cNotable in AllHome\u2019s performance is the stable contribution from its core<br>categories\u2014furniture and appliances, allowing us to deliver sustained value for our<br>stakeholders,\u201d says Benjamarie Therese Serrano, AllHome President and CEO.<\/p>\n\n\n\n<p>Serrano also reiterated AllHome\u2019s commitment to extracting more value out of<br>operational efficiencies. <\/p>\n\n\n\n<p>\u201cWe will continue to lean into the implementation of efficiency initiatives in service of our bottomline. We fully intend to run a tight ship in AllHome in service of delivering better value for our stakeholders,\u201d she said.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/edge.pse.com.ph\/\">PSE Edge<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329034","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329034"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329034\/revisions"}],"predecessor-version":[{"id":329052,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329034\/revisions\/329052"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}