Bossini Intl Hldgs 0592

[winston]

Stock up 40% now. Be careful if u wanna chase. Talk is cheap ....

DJ Bossini: Controlling Hldr In Talks To Sell His Stake In Co

HONG KONG (Dow Jones)--Fashion retailer Bossini International Holdings Ltd. (0592.HK) said Tuesday its chairman, Law Ka Sing, is in talks with an unnamed party to sell his controlling stake in the company.

The Hong Kong-based mass market apparel firm said Law, who owns 68.58% of the company's issued share capital, is still in discussions over the terms of the potential deal with the investor and hasn't reached any agreement.

If the deal does materialize, the new investor will need to make a mandatory general offer for all the shares not already owned as required by Hong Kong Stock Exchange regulations.

Bossini's shares were suspended from trading at 0630 GMT Monday pending the release of the announcement. The company said it plans to resume trading Tuesday.

Bossini's market capitalization stands at HK$565.84 million, and is considerably smaller than some of its local fashion retailer rivals. Blue-chip Esprit Holdings Ltd.'s (0330.HK) market capitalization is HK$71.27 billion, while Giordano International Ltd.'s (0709.HK) is HK$3.34 billion

[kennynah]

many years ago when anwar was deputy to PM mahathir... the former wore a stylo Hugo Boss shirt to attend a meeting called by the PM... naturally mahathir was upset...seeing that anwar was subtly but surely trying to assert his position..

anwar was pleased with mahathir's disturbed disposition, or so he thought... until mahathir, made an excuse to remove his blazer, saying that the aircon was not working well, only to reveal his inner shirt...Bossini (boss sini = boss here, in malay )....

now that mahathir is no longer holding power overtly...

it is uinderstandable that Bossini has lost its appeal....

[winston]

Up 15% on no news ...

[winston]

Not vested

DJ MARKET TALK: Bossini +15.2% But Likely Risky Chasing Higher

1524 [Dow Jones] Bossini (0592.HK) surges 15.2% to 76 HK cents, perhaps as theme punt in HK clothing retailer among last in sector yet to report results.

Follows Moiselle's (0130.HK) 22.2% rally month-to-date, Hang Ten (0448.HK) +30.4%, Le Saunda (0738.HK) +15.8%, Crocodile (0122.HK) +23.2%.

Sector re-rating started with I.T (0999.HK) posting robust results early June, prompting drastic sector re-rating;

I.T last +0.2% at HK$4.23, +220% vs May 31 close. Still, I.T's market positioning toward upscale clothing, not something peers can easily match.

Bossini's 1H results due Sept. 21; stock now trades at 24.1X historic P/E -- if results disappoint, potentially could drag shares down.

Source: Dow Jones Newswire

[winston]

Not vested

DJ MARKET TALK: Bossini +5.0% Pre-Mkt After Strong FY, Higher Div

0946 [Dow Jones] Bossini (0592.HK) +5.0% at HK$0.84 at pre-market, supported by strong results (FY10 net profit +80% at HK$90.45 million) and higher dividend payment (final dividend at 2.3 HK cents vs 1.0 HK cent FY09, proposed special dividend of 0.3 HK cent vs nil FY09).

Mark To, Head of research at Wing Fung Financial says strong results and higher dividend are lending support to shares; but adds, recent surge in stock may have partly reflected good news, suggests taking profit.

Stock +31.1% month-to-yesterday, September's high of HK$0.86 likely a strong cap.

Source: Dow Jones Newswire

[winston]

not vested

BOSSINI INT'L (00592.HK) soars on positive profit alert
2014-06-19

BOSSINI INT'L (00592.HK) +0.080 (13.115%) saw unusual growth today, and it was last $0.7, up 15%, on volume of 8.22 million shares.

The Company announced that the Group is expected to record a significant increase in profit attributable to owners for the year ending 30 June 2014 as compared to the year-ago period, mainly because of the significant improvement in segment results of the mainland China and Taiwan operations.

Source: AAStocks Financial News

[winston]

Retailer expects bumper profits

Shares of Bossini International Holdings (0592) jumped 13.11 percent to 69 HK cents yesterday after the company issued a positive annual profit alert, due to business growth in the mainland and Taiwan.

The garment maker and retailer announced that it expects to post a significant increase in net profit for the year ending June 30.

Bossini's interim results for the six months ended December 31 soared 119 percent to HK$75 million.

In the 2012-13 fiscal year, it saw net profit rise 39 percent to HK$22 million.

The number of mainland stores dropped 16 percent to 253, while Taiwan outlets fell 8 percent to 78 as of December, from June 2013.

The closures of underperforming stores reduced the operating loss of business in the mainland by 90 percent to HK$5 million and that of Taiwan business shrank 55 percent to HK$9 million, compared with 2012.

The mainland and Taiwan markets comprised 12 percent and 9 percent respectively of consolidated revenue, with the Hong Kong market being the major source of revenue, accounting for 69 percent.

Source: NATALIE LEUNG

[winston]

Squeezed Bossini issues warning

Hong Kong-based Bossini International (0592) has issued a profit warning, saying net profit for the six months ended December 31 may have plunged by up to 90 percent from a year ago.

Bossini issued the warning last night saying fewer mainland visitors to Hong Kong and Macau, had battered its bottom line.

Revenue had also fallen due to weak local sentiment and a warm winter.

It also said intense competition in several core markets where the retailer operates is also worrying.

Profit for the same period in 2014 stood at HK$87.474 million.

The interim result of the group will be announced in February.

As one of the traditional apparel retailers in Hong Kong, Bossini has 40 stores in the SAR and Macau, 120 in the mainland and 69 in Taiwan as of last June.

It was able to attract buyers with clothing sold at relatively low prices.

But it has been outpaced by the expansion of foreign fast-fashion brands during the past decade such as Spain's Zara, Japan's Uniqlo and Sweden's H&M.

Stores of such brands, including those of United States-based Forever 21, occupy prime locations that attract young buyers with their cheap prices.

In last year's annual report, the retailer said stores in prime areas such as Mong Kok, Tsim Sha Tsui and Causeway Bay had seen a fall while those in residential areas had seen growth.

Source: The Standard