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High Grade Garments, Long Term Prospects

2012/3/21 8:43:00 9

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High-grade

clothing

The long term prospects of the directors can be reduced, and the three ports will produce medium and high grade brands.

clothing

JOYCE (647), Bauhaus (483) and I.T (999) investment prospect geometry? Hongkong Commercial Daily reporter Huojia

Despite this year's growth or slowdown, there are three local studies.

famous brand

Retail stocks found steady income and fluctuated profits, but few losses were recorded.

The three shares rose earlier than before. They are looking forward to the prospect of the mainland's retail industry, attracting investors to "chase" this sector.

JOYCE has even proposed privatization, and those who can afford it can take note.

I.T and JOYCE ownership concentration

In fact, high-end.

Latest fashion

Whether the current stock price of a store is worth pursuing, we must first study the possibility of being bought or privatized, or even second or third largest shareholders.

Huang Ruilin, chairman of Bauhaus, holds 6.02% of the 58.39% and second largest shareholder, David Webb.

It is the I.T that looks forward to life. The Shen Jiawei family holds 58.34%, plus the 19.78% of the total number of Morton, dunpton and sun rising enterprise (393); the 4 largest shareholders hold 78.12%, and the street goods are limited.

The other is JOYCE. Wu Guangzheng, the major shareholder, has a 72.9% stake and is prone to change.

JOYCE low valuation

The retail market in Hong Kong has been booming, leading to a significant increase in JOYCE earnings. As at the end of September last year, JOYCE recorded a profit of 72 million 800 thousand yuan for shareholders and increased by 80% over the past 6 months.

The company's performance depends on Hongkong's market performance, because the mainland's operating profit has declined significantly.

In the first half of last year, net profit increased by 80.5%, but the mainland business was affected by the initial expenditure of 3 new stores in Beijing, resulting in a sharp decline of operating profit from 97% to 300 thousand yuan.

Wu Guangzheng, a major shareholder who accounts for about 72.9% of the company's rights and interests, is also optimistic about the development of the company. As early as 2010, the privatization plan was introduced, but it was not accepted by the small shareholders because of the low bid price and 0.2 yuan per share.

The company's current P / E ratio is only about 8.17 times, its valuation is low, and the cash on hand is 479 million yuan.

Bauhaus half year earnings report

Middle and top grade

Clothes & Accessories

In the first half of last year, the profit of mainland business was down by 90%.

Hong Kong, Macao and Taiwan accounted for 62.7% of Hong Kong and Macao businesses. The growth of same store sales in the first half of this year was 16.7% and 31.2% respectively, while the Taiwan business accounted for 16.6% of the turnover in the first half of this year also increased by 11.5%.

The price earnings ratio of Bauhaus is about 6.85 times, which is 10.9 times that of the earlier Haun market (privatization) (448) and its valuation is lagging behind.

I.T smoothly enter the mainland

I.T released its interim results as at the end of last August.

During the period, turnover increased by 60.3% to 2 billion 405 million yuan, and net profit increased by 40.7% to 152 million yuan, of which Hongkong

market

It accounts for about 60.5% of the total turnover and 25.5% of the mainland.

The global economic outlook is unclear. Shen Jiawei, chairman and chief executive officer of the group, admitted that there are signs of slowing sales in the mainland, but the mainland has great potential for development. It is hoped that in the next five years, the mainland business will take the place of Hongkong and become the largest market of the group.

The company gained two fund in November last year. In November 10th, J.P. Morgan increased its holdings of 126 thousand shares, resulting in its holdings increased to 8.01%. In addition, in November 4th and 21st, the Templeton fund increased its holdings of 2 million 142 thousand and 1 million 128 thousand shares for two times, with an average price of 4.964 yuan and 4.377 yuan respectively, resulting in the increase of I.T shares to 6.03% by the Templeton fund.