Belle Intl 1880

Re: Belle Intl 1880

Postby winston » Sun Jan 13, 2013 8:30 pm

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BELLE INT'L (01880.HK)'s SSS of footwear biz up 3%

BELLE INT'L (01880.HK) announced in the fourth quarter of 2012, the net increase in the total number of retail outlets of the Group in Mainland China was 889.

As at 31 December 2012, the total number of retail outlets of the Group in Mainland China was 17,564, which consisted of 12,090 footwear outlets and 5,474 sportswear outlets, all of which were directly managed by the Group.

For the fourth quarter of 2012, the footwear business had a same store sales growth of 3%, while the sportswear business had a same store sales growth of 10%.


Source: AAStocks Financial News
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Re: Belle Intl 1880

Postby winston » Fri Feb 22, 2013 7:43 pm

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BELLE INT'L (01880.HK)'s valuation reasonable - JPM

The management of BELLE INT'L (01880.HK) predicts the company will post a profit that misses forecast by a large degree, J.P. Morgan said.

The broker lowered its 2012-13 earnings forecast for BELLE INT'L by 5.5% and 3%, respectively.

BELLE INT'L was rated Neutral with target price lowered to $14 from $14.8.


Source: AAStocks Financial News
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Re: Belle Intl 1880

Postby winston » Sun Jun 14, 2015 6:30 am

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BELLE INT'L (01880.HK) 1Q Same Store Sales for Footwear Biz Fall 7.8%

BELLE INT'L (01880.HK) -0.180 (-1.737%) Short selling $28.72M; Ratio 10.958% announced the operational data of the group’s retail business in the first quarter (March to May).

The footwear business had a same store sales decline of 7.8%, while the sportswear and apparel business had a same store sales growth of 12.4%.


Source: AAStocks Financial News
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Re: Belle Intl 1880

Postby winston » Wed Oct 28, 2015 7:05 am

Shoe retailer Belle International (1880) posted a 3.9 percent increase in half-year net profit to 2.2 billion yuan thanks to strong sportswear and apparel products sales.

During the six months to August, turnover reached 19.4 billion yuan, up 4.3 percent from a year earlier.

Chief executive Sheng Baijiao said the harsh conditions will not improve this year and it has shut all seven BELLE outlets in Hong Kong.

The firm continues to sell footware under 12 other brands.

Gross profit margin for the fiscal interim period rose 0.4 percentage point to 56.7 percent from a year earlier.

Source: The Standard
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Re: Belle Intl 1880

Postby winston » Thu Jul 28, 2016 4:03 pm

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<Research Report>Macquarie Expects BELLE INT'L 2FQ SSS to Beat Estimates; Kept Outperform

BELLE INT'L (01880.HK) CEO Sheng Bai Jiao held a press conference after the shareholders' meeting, saying that the group has been growing during its transformation.

Macquarie anticipates the group's June same store sales growth (SSSG) for footwear to record a single-digit decline, whereas that of sportswear is likely to report a high single-digit growth.

If the momentum sustains, it is expected that both footwear and sportswear SSSG will beat the expectation of the research house, as compared with the estimates at -13% and +5% respectively.

Macquarie maintains BELLE INT'L at Outperform due to the company's strong cost control abilities, solid balance sheet, high FCF yield as well as strong sportswear demand in China. The target price was set at $6.7.

Source: AAStocks Financial News
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Re: Belle Intl 1880

Postby winston » Wed Apr 19, 2017 8:09 am

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Belle in buyout talks

CDH Investments fund management is working with Chinese shoe retailer Belle International Holdings (1880) on a potential buyout that could be the largest- ever such deal for a Hong Kong-listed consumer company, people with knowledge of the matter said.

An announcement could come this week.

Trading in shares of Belle was halted yesterday pending an announcement related to the takeovers and mergers code, the company said.

Belle, which sells shoes under brands such as Teenmix, Millie's and Mirabell, had a market value of HK$44.46 billion before the suspension.

The company, which operates more than 20,000 retail outlets mostly in the mainland, has struggled in recent years as shoppers turned to e-commerce for fashion footwear.

Source: BLOOMBERG
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Re: Belle Intl 1880

Postby winston » Wed Apr 19, 2017 8:09 am

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Belle in buyout talks

CDH Investments fund management is working with Chinese shoe retailer Belle International Holdings (1880) on a potential buyout that could be the largest- ever such deal for a Hong Kong-listed consumer company, people with knowledge of the matter said.

An announcement could come this week.

Trading in shares of Belle was halted yesterday pending an announcement related to the takeovers and mergers code, the company said.

Belle, which sells shoes under brands such as Teenmix, Millie's and Mirabell, had a market value of HK$44.46 billion before the suspension.

The company, which operates more than 20,000 retail outlets mostly in the mainland, has struggled in recent years as shoppers turned to e-commerce for fashion footwear.

Source: BLOOMBERG
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Re: Belle Intl 1880

Postby winston » Fri Apr 28, 2017 8:59 pm

Hillhouse, CDH-led group offers to buy Belle International in $6.8 billion deal

By Elzio Barreto and Donny Kwok | HONG KONG

A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd (1880.HK) in a deal valuing the entire Hong Kong-listed shoe retailer at about $6.8 billion.

The move follows a similar transaction in January, when e-commerce giant Alibaba Group Holding Ltd (BABA.N) led a $2.6 billion bid to privatize department store operator Intime Retail Group Co Ltd (1833.HK), underscoring the difficulties traditional retailers are facing from competition with online rivals.

Belle, which distributes several sportswear brands including Nike (NKE.N), Adidas (ADSGn.DE), Puma (PUMG.DE) and Converse, said in a securities filing it has experienced "unprecedented challenges," particularly from e-commerce and shopping malls that compete with its main sales channels in department stores.

"A fundamental transformation is necessary in order for the company to compete effectively and solidify its long-term leadership in the Chinese ladies footwear market," CEO Sheng Baijiao said in the filing.

Hillhouse and CDH joined with Yu Wu and Sheng Fang, directors at Belle, to offer HK$6.30 per share in the company. The price is equivalent to a premium of 20 percent from Belle's closing price before the trading halt and values the company at HK$53.1 billion ($6.8 billion).

Hillhouse, which has invested in major Chinese internet companies including Baidu Inc (BIDU.O), Tencent Holdings Ltd (0700.HK) and ride-hailing firm Didi Chuxing, will end up owning 56.8 percent of Belle after the deal is completed, with CDH taking a 12.1 percent stake, according to the filing.

A group of Belle's management, including Yu and Sheng, will own the remainder 31.1 percent of the company.

Bank of America advised the buying consortium and will extend HK$28 billion ($3.60 billion) in acquisition financing to the group to help fund the share purchase.

Chief Executive Sheng and Belle's chairman Tang Yiu have accepted the offer for their combined 25.8 percent stake.

Sheng said the transformation can be more effectively implemented if the company is privatized and free from "short-term distractions arising from the public equities" as it also involves risks.

Trading of Belle's shares has been halted since April 18 at the company's request and will resume on Tuesday, after a public holiday in Hong Kong.

Shares of Belle, which has a market value of $5.7 billion, gained nearly 21 percent so far this year, reversing a 25 percent slide in 2016.

China's top footwear retailer, which has over 20,000 mainland outlets, had warned in March that it expected to see a 15-25 percent fall in profit when it reports full-year earnings in May as shifting consumer style preferences put pressure on its shoe business.

Belle also said adjustments to its share award scheme as part of an incentive program to management had led to a significant increase in expenses.

Source: Reuters
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