Re: Hengan International 1044
Posted: Fri Dec 14, 2018 7:36 am
Hengan International continues to fall as it refutes fraudulent reporting allegations
Bonitas Research claims that the company has fabricated a total of US$1.6b of net income since 2005
Source: SCMP
https://www.scmp.com/business/companies ... fraudulent
Bonitas Research claims that the company has fabricated a total of US$1.6b of net income since 2005
Summer Wang, an equity analyst at Jefferies, wrote in a note sent out on Thursday, that Hengan International’s declining stock price suggested good buying opportunities.
“In our opinion, Hengan’s sanitary napkin profitability and cash dividend payout are real, transparent and widely respected,” Wang wrote.
Still, Wang argued the company’s high gross margin questioned by Bonitas was “reasonable” for feminine products and the brand’s strong customer loyalty.
Source: SCMP
https://www.scmp.com/business/companies ... fraudulent