Bawang International 1338

Bawang International 1338

Postby winston » Mon Jun 15, 2009 7:22 am

Their shampoo is not cheap. Have not decided whether to subscribe or not..

China shampoo maker holds head high amid improving returns

Listing candidate Bawang International - the mainland maker of shampoo promoted by actor Jackie Chan Kong- sang - says it will not cut prices as sales volume rose in May from April despite the economic downturn.

The company plans to list in Hong Kong next month to raise HK$1.95 billion, according to sources. Its offer price will be between 15 and 18 times its estimated earnings this year, sources said.

"Some of our customers may switch to cheaper brands, but we won't take any price-cutting approach as we are targeting the medium- and high-end market," said Bawang chief executive Wan Yuhua.

The Guangzhou-based firm plans to launch a range of skin-care products in the second half. It now sells herbal shampoo, bath products and toothpaste. As of December 31, Bawang had 567 distributors in the mainland, Hong Kong, Macau and Singapore.

MANDY LO, The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Bawang International

Postby winston » Tue Jun 23, 2009 7:53 am

Shampoo maker cleans up by Mandy Lo, The Standard HK

Investors rushed to buy into BaWang International yesterday after the shampoo maker opened its retail book. BaWang, whose products are promoted by film star Jackie Chan Kong-sang, saw its retail tranche oversubscribed by 37 times.

Seven brokerages polled by The Standard received margin financing orders of about HK$6.34 billion for BaWang as of yesterday.

The firm is seeking up to HK$1.67 billion in its initial public offering. At least HK$166.6 million is expected to come from local retail investors.

"The retail subscription for BaWang was much hotter than expected, backed by rosy share prices of newly listed companies," said Kingston Lin King- ham of Prudential Brokerage.

The strong response came after shares of China Metal Recycling (0773) surged as much as 29.5 percent yesterday on its trading debut.

It closed at HK$6.32, up 22 percent from its offer price of HK$5.18.

Hing Lee (HK) (0396), which also went public yesterday, soared 39.2 percent to close at HK$1.42 - the best debut performance so far this year.

BaWang's share price is expected to climb at least 20 percent on its first trading day on July 3, said Bright Smart Securities general manager Nelson Chan Kai-fung. Its share price will be set at HK$1.95 to HK$2.38.

BaWang's IPO may be oversubscribed up to 80 times because of strong market sentiment, sources said.

Another candidate, 361 Degrees International, closed its retail book yesterday and its retail tranche was more than nine times oversubscribed with brokers getting margin orders of HK$2.2 billion.

The sportswear brand aims to raise HK$2.18 billion by floating 500 million new shares at HK$3.15 to HK$4.35 each on June 30.

Meanwhile, brokerages received HK$767 million in margin financing orders for China Qinfa, almost 12 times the coal trader expects to raise in the retail tranche of its HK$650 million IPO.

It is due to go public on July 3.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Bawang International

Postby helios » Sun Jun 28, 2009 1:49 pm

winston wrote:Their shampoo is not cheap. Have not decided whether to subscribe or not..


most importantly, does their shampoo have the commercial IP and know-how?

i spoke to one of our skin consultant and doctor, they had seen inflammatory response of the scalp resulting from the use of the product ... as you know, we all have different skin sensitivity and hyper-reactivity ...
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
helios
Permanent Loafer
 
Posts: 3608
Joined: Wed May 07, 2008 8:30 am

Re: Bawang International

Postby helios » Sun Jun 28, 2009 1:51 pm

Friday June 26, 03:43 AM
UPDATE 1-China's BaWang raises $214 mln in HK IPO
HONG KONG, June 26 (Reuters) - Chinese herbal shampoo maker BaWang International (Group) Holding Ltd priced its IPO at the top end of the indicative range on Friday, raising HK$1.67 billion ($213.6 million), according to sources close to the deal.

BaWang is selling 700 million shares at HK$2.38 per share, a value of 18 times its estimated earnings for 2009.

The issue was more than 400 times over-subscribed at the retail level, and more than 40 times at the institutional level, a source with direct knowledge of the matter said.

The Chinese shampoo maker posted net profit of 281.8 million yuan ($41.22 million) for 2008, up from 181.3 million yuan in the previous year.

Proceeds from the offering will be used to expand production and the company's distribution network, according to the preliminary prospectus.

With products ranging from shampoo and haircare to toothpaste and bodywash, Bawang is set to price its shares on June 26 with dealing in shares expected to begin on July 3.

Source: Yahoo Finance

http://uk.biz.yahoo.com/26062009/323/up ... k-ipo.html
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
helios
Permanent Loafer
 
Posts: 3608
Joined: Wed May 07, 2008 8:30 am

Re: Bawang International

Postby winston » Sun Jun 28, 2009 6:05 pm

San San wrote: i spoke to one of our skin consultant and doctor, they had seen inflammatory response of the scalp resulting from the use of the product ... as you know, we all have different skin sensitivity and hyper-reactivity ...


Should be ok. I know someone who has been using their product for two tears already :D
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Bawang International

Postby winston » Fri Jul 03, 2009 7:01 am

Unfortunately, I did not apply for it ..

Bawang leaps before debut by Mandy Lo, The Standard HK

Shares of Bawang International (1338) soared as much as 33.6 percent in the gray market yesterday from its offer price of HK$2.38, before closing up 28.99 percent at HK$3.07.

The hugely oversubscribed shampoo maker goes public today. Its gray-market shares opened at HK$2.80 and reached an intraday high of HK$3.18, according to Phillip Securities. Investors had a paper gain of HK$1,380 per board lot of 2,000 shares.

"It is no surprise for the stock to leap 20 percent to 30 percent because of its popularity as reflected by the massive subscriptions," said Prudential Brokerage associate director Kingston Lin King-ham. But Lin advised investors to sell Bawang if it jumps a further 30 percent on its trading debut as there is hardly any room for further upside.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Bawang International 1338

Postby winston » Fri Jul 03, 2009 4:18 pm

DJ MARKET TALK: Bawang +28.6%, Off Peak; Take Profits - Fulbright

1507 [Dow Jones] NEW LISTING: Bawang International (1338.HK) +28.6% at HK$3.06, off intraday peak of HK$3.20; 833 million shares traded vs 700 million shares offered, suggesting most subscribers selling stock on first day to lock in quick profits.

At HK$3.06, stock trades at 22.5X forecast FY09 earnings, almost on par with peer (in terms of being leading Chinese brand consumer play) Hengan International's (1044.HK) 24.1X based on Thomson Reuters, Bawang price looks unjustified given Hengan's solid track record. "I'd recommend taking profits at above HK$3.00," says Francis Lun at Fulbright Securities
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Bawang International 1338

Postby winston » Thu Jul 16, 2009 10:20 am

From Dr. Cherck, The Standard HK:-

The retail portion of the IPO launched by shampoo maker Bawang (1338) was 445 times oversubscribed. The stock surged 24 percent on its debut on July 3 from its selling price of HK$2.38. Bawang closed yesterday at HK$3.15 for an accumulative gain of 32.3 percent.

Trading at 23 times its expected price-earnings ratio, Bawang is not cheap. But looking at the trading volume, you will notice that all of its listed shares may have changed hands. The company only sold 700 million shares.

On the first two days, trading volume totaled 955 million shares. Currently, over 100 million Bawang shares are traded daily.

The stock has been moving between HK$3- HK$3.30. When supply contracts and demand emerges, based on some good news, the stock could easily test HK$4.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Bawang International 1338

Postby winston » Fri Aug 28, 2009 11:30 am

Down 5.5% on no news. PE is 18. Still not cheap ....
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Bawang International 1338

Postby winston » Wed Sep 16, 2009 7:50 am

Not vested. Not cheap ..

Shampoo maker looks to new products

Herbal shampoo maker Bawang International (1338) plans to launch new products after higher selling and distribution costs took the gloss off its first-half net profit, which fell 28 percent.

Net profit in the six months to June was 100 million yuan (HK$113.46 million), down from 139 million yuan a year ago.

"We've been cautious in the first half and only resumed production after we received orders in order to reduce our inventory,"chairman Chen Qiyuan said yesterday. "We are looking to launch new herbal skin- care products in the second half and adjust our product mix to increase market share."

Gross profit rose 6 percent to 450 million yuan on a better product mix, the company said.

The Guangzhou-based company intends to make a foray into Thailand and Malaysia after successfully launching its products in Hong Kong and Singapore this year.

KATHY WANG, The Standard HK

http://www.thestandard.com.hk/news_deta ... 90916&fc=4
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Next

Return to A to B

Who is online

Users browsing this forum: No registered users and 8 guests