SSS 7% only. Forward PE 18. Not vested. From Dr. Check, The Standard HK:-
One good stock to consider is Belle (1880), the mainland's largest retailer of ladies' footwear. It sells eight brands including its namesake Belle - China's top ladies' label for the past 10 years in terms of sales revenue.
Unlike many other footwear companies, Belle uses a vertically integrated business model which allows better control over supply and cost. It is also the largest retailer in the mainland for Nike and Adidas. Belle's same-store sales in the first half rose a better-than-expected 7 percent.
BNP Paribas expects Belle to post a net profit of 2.72 billion yuan (HK$3.08 billion) in 2009 and 3.06 billion yuan in 2010.
Belle yesterday closed at HK$7.55 or 18 times 2010 expected earnings. Goldman Sachs has set a HK$8 target on the stock. Near HK$7.35, it looks reasonable.