Bosideng International 3998

Re: Bosideng International 3998

Postby winston » Tue Dec 04, 2012 11:45 am

not vested

BOSIDENG (03998.HK) to continue to shrink menswear business scale
Dec 3, 2012

BOSIDENG (03998.HK)'s net profit for the first half of financial year ended September dropped 3.4% to RMB316 million due to the substantial increase in income tax expense and lukewarm consumption sentiment in China.

Revenue from the company's menswear segment also plunged 13.8% to RMB146 million in the first half of the year with 112 underperforming outlets closed down.

Local media cited Chief Financial Office and Company Secretary Mak Yun Kuen saying that the company will restructure the menswear business and tend to be conservative in shop opening.

The company will continue to reduce the number of branches and cut menswear inventories by relaxing the threshold for distributors.


Source: AAStocks Financial News
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: 118539
Joined: Wed May 07, 2008 9:28 am

Re: Bosideng International 3998

Postby winston » Tue Dec 04, 2012 11:47 am

not vested

BOSIDENG (03998.HK) rated Neutral with TP cut to $2.5 - GS
Nov 30, 2012

BOSIDENG (03998.HK)'s first-half net profit was in line with estimate, said Goldman Sachs, who expects BOSIDENG's core business will continue to record a 8% growth in the next three years.

BOSIDENG was maintained Neutral with target price cut to $2.5 from $2.7.


Source: AAStocks Financial News
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: 118539
Joined: Wed May 07, 2008 9:28 am

Re: Bosideng International 3998

Postby winston » Fri Jun 27, 2014 11:32 am

not vested

<Result Ann>BOSIDENG (03998.HK) full-year profit down 36% to RMB695M

BOSIDENG (03998.HK) announced the net profit for the year ended March 2014 receded 35.6% yearlyto RMB695 million, representing EPS of 8.73 fen.

It proposed a final dividend of HK2 cents.

During the period, the company's revenue dropped 11.7% to $8.238 billion. Gross profit slipped 0.6 ppt to 50%.

Source: AAStocks Financial News
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: 118539
Joined: Wed May 07, 2008 9:28 am

Re: Bosideng International 3998

Postby winston » Fri Jun 27, 2014 11:34 am

not vested

<Research Report>BOSIDENG (03998.HK) downgraded to Sell, target slashed to $1 - GS
May 15, 2014

According to the latest research report by Goldman Sachs, BOSIDENG (03998.HK) was downgraded to Sell from Neutral, and target price was reduced from $1.8 to $1.

The bank pointed out the e-commerce segment of BOSIDENG will face long-term structural challenges, particularly non-athletic footwear and down jacket, since most prices of down jacket on Taobao are averagely cheaper than ex-factory price by RMB200. 2014-2016 EPS forecasts were trimmed by 38%-43%.

The market projected BOSIDENG will resume profit growth of 6% in fiscal year ending 31 March 2015, yet Goldman Sachs reckoned the point of view was too optimistic, since the sluggish sales growth and higher SG&A will pressure profit margin.

Source: AAStocks Financial News
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: 118539
Joined: Wed May 07, 2008 9:28 am

Re: Bosideng International 3998

Postby winston » Fri Jun 19, 2015 4:14 am

not vested

Bosideng inks Itochu deal

Bosideng International Holdings (3998), a Chinese apparel producer, has confirmed that it has signed a strategic cooperation deal with Japanese trading firm Itochu Corp, in the hope of extending its business to the overseas market.

Itochu and CITIC Securities jointly bought a 14 percent stake in Bosideng in April for HK$1.5 billion.

Bosideng chairman Gao Dekang said Itochu's long experience in retail was bound to help Bosideng.

"While we provide a good sales channel to Itochu, they offer us a well-known international branding," he said.

Vice president of Itochu East Asia Bloc (East China) Hidefumi Mizutani is positive on China's third and fourth-tier cities.

Bosideng stock closed flat at HK$1.09 yesterday.

Source: 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: 118539
Joined: Wed May 07, 2008 9:28 am

Re: Bosideng International 3998

Postby winston » Tue Oct 02, 2018 11:14 am

not vested

BOSIDENG(3998)

Analysis:
Bosideng International Holdings (3998) has been focusing on the development of key Bosideng brands by reshaping them as mid-to-high end brands while at the same time focusing on diversified apparel business which includes ladies wear, men`s wear, home`s wear, children`s wear and school uniform.

For the year ended 31 March 2018, the Group recorded revenue of RMB8.88 billion, representing an increase of 30.3% as compared to that of last year.

Net profit attributable to shareholders increased 57.1% to RMB 615 million.

Gross profit margin remained the same compared to that of last year at 46.4%.

The Board recommended a final dividend of HK$3.5 cents per share and a special dividend of HK$2.5 cents per share.

Together with the interim dividend of HK$1.5 cents, full-year dividend amounts to HK$7.5 cents per share.

Current share price represents a dividend yield of close to 7%. (I do not hold the above stock)

Strategy:
Buy-in Price: $1.05, Target Price: $1.20, Cut Loss Price: $0.97

Source: Phillips
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: 118539
Joined: Wed May 07, 2008 9:28 am

Re: Bosideng International 3998

Postby winston » Wed Jan 06, 2021 10:59 am

not vested

BOSIDENG(3998)

Analysis:

Bosideng is the leading down jacket group in China, and its market share ranks first in the down jacket industry in China for 25 consecutive years.

By positioning a diversified brand strategy, the Group can meet the needs of different customer groups and consolidate its leading position in the Chinese market.

Group actively implement the brand development strategy, proposed to "Focus on the main channel, the main focus brands, shrinking diversity" as a foundation for development on diversified business.

In 1H, the company developed self-operated channels under the epidemic situation, and this year`s branded down sales started earlier.

As we expected, the company`s revenue will be able to quickly recover after the epidemic. The company`s performance in 1H21 has increased significantly YoY.

However, with the company past record, the revenue in the first half of the year was only accounted for a low proportion. The company`s first-half performance was better than our previous expectations.

Strategy:
Buy-in Price: $4.20, Target Price: $4.60, Cut Loss Price: $4.00

Source: Phillips
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: 118539
Joined: Wed May 07, 2008 9:28 am

Previous

Return to A to B

Who is online

Users browsing this forum: No registered users and 6 guests