Not vested. From Dr. Check, The Standard HK:-
Beauty not fadingFriday, July 09, 2010
Caution is Dr Check's watchword these days. But investors may want to keep an eye on high-quality stocks and buy them when their price dips.
L'Occitane International (0973) is one stock to bear in mind.
The global cosmetics enterprise's net profit for the year ended March 31
surged 40 percent from a year earlier to 81.6 million euros (HK$804 million).
The firm's products are sold in more than 80 countries through over
1,500 retail outlets. Japan, the United States and France are its three largest markets.
But L'Occitane is expanding its presence in high-growth emerging markets such as China, Brazil, Russia, India and Mexico.
The company listed in Hong Kong earlier this year.
The response to its initial public offering was overwhelming - it was 159 times oversubscribed.
The offer price was HK$15.08.
L'Occitane closed yesterday at HK$16.86, around
25 times its 2011 expected earnings.The valuation is not expensive for a global brand name which has huge growth potential. It will be a good catch below HK$16.50.
http://www.thestandard.com.hk/news_deta ... 00709&fc=8
It's all about "how much you made when you were right" & "how little you lost when you were wrong"