Dah Chong Hong 1828
Posted: Mon Aug 29, 2011 8:21 amConsumer play puts you in driving seat
Monday, August 29, 2011
Regardless of what Ben Bernanke, chairman of the US Federal Reserve, said on Friday, we all know that it will take time for US and euro-zone economies to recover. Meanwhile, China will continue to see steady growth as it transforms itself into a consumption-led economy.
One company with a well-established base and network in the mainland, Hong Kong and Macau is Dah Chong Hong Holdings (1828) - a diversified conglomerate in auto sales and services, food and consumer products, as well as logistics.
Its after-tax profit last year grew by 58.3 percent from 2009 to reach HK$1.016 billion.
Business in the mainland increased by 64.6 percent to HK$19.35 billion, helped by huge demand for mid-to-high-end vehicles, rapid expansion of its 4S network of shops and increased sales of heavy-duty trucks.
DCH sold 58,800 vehicles - 44,800 cars and the rest commercial vehicles - in the mainland, up 45.9 percent. It represents 20 marques - forming a balanced portfolio in the mid-to-high-end market.
JPMorgan expects DCH to maintain its compound annual growth rate of 18 percent in the next three years. It now trades at HK$9.60 or 9 times 2011 projected earnings.
In short, attractive statistics for a consumer play company in the mainland.
http://www.thestandard.com.hk/news_deta ... 10829&fc=1
Monday, August 29, 2011
Regardless of what Ben Bernanke, chairman of the US Federal Reserve, said on Friday, we all know that it will take time for US and euro-zone economies to recover. Meanwhile, China will continue to see steady growth as it transforms itself into a consumption-led economy.
One company with a well-established base and network in the mainland, Hong Kong and Macau is Dah Chong Hong Holdings (1828) - a diversified conglomerate in auto sales and services, food and consumer products, as well as logistics.
Its after-tax profit last year grew by 58.3 percent from 2009 to reach HK$1.016 billion.
Business in the mainland increased by 64.6 percent to HK$19.35 billion, helped by huge demand for mid-to-high-end vehicles, rapid expansion of its 4S network of shops and increased sales of heavy-duty trucks.
DCH sold 58,800 vehicles - 44,800 cars and the rest commercial vehicles - in the mainland, up 45.9 percent. It represents 20 marques - forming a balanced portfolio in the mid-to-high-end market.
JPMorgan expects DCH to maintain its compound annual growth rate of 18 percent in the next three years. It now trades at HK$9.60 or 9 times 2011 projected earnings.
In short, attractive statistics for a consumer play company in the mainland.
http://www.thestandard.com.hk/news_deta ... 10829&fc=1