Li & Fung 0494

Re: Li & Fung 0494

Postby lithium » Thu Mar 25, 2010 7:38 pm

I read support at $35
"Play Great Defence, not Great Offence "
User avatar
lithium
Boss' Left Hand Person
 
Posts: 624
Joined: Fri Sep 18, 2009 7:47 pm

Re: Li & Fung 0494

Postby helios » Thu Mar 25, 2010 7:43 pm

Still high entry price (now) ... ...
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
helios
Permanent Loafer
 
Posts: 3608
Joined: Wed May 07, 2008 8:30 am

Re: Li & Fung 0494

Postby winston » Tue Mar 30, 2010 3:37 pm

Sold.

DJ MARKET TALK: Li & Fung +1.9%; Look Beyond 2009 - Daiwa

1456 [Dow Jones] Li & Fung (0494.HK) rebounds for second straight day, +1.9% at HK$39.25, volume remains heavy at HK$335.9 million; this after 11.0% selloff last Thursday, Friday on weaker-than-expected FY09 results.

Still, Daiwa advises investors to "look beyond" FY09 results; with first-time contribution from acquisitions, new outsourcing deals, forecasts 35% on-year increase in FY10 revenue, as result forecasts FY10 gross margin to rise by 0.3 percentage point on-year.

Stock now trades 28X Daiwa's forecast FY10 EPS vs house's 6-month target price of HK$50.00; coupled with expectation of gradual improvement in U.S. retail sales, keeps Buy rating.

Source: Dow Jones Newswire
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Li & Fung 0494

Postby LenaHuat » Tue Jun 22, 2010 9:37 am

Bruce Rockowitz, President of L&F said on CNBCTV that US is driving global trade again.
He and Coco Lee, the Chinese singer, will wed in the 2H of 2010.
Please be forewarned that you are reading a post by an otiose housewife. ImageImage**Image**Image@@ImageImageImage
User avatar
LenaHuat
Big Boss
 
Posts: 3229
Joined: Thu May 08, 2008 9:35 am

Re: Li & Fung 0494

Postby winston » Mon Jul 12, 2010 9:53 am

Not vested.

Li & Fung Debt Sale Boosts Acquisition Funds to $1.15 Billion
July 11, 2010, 8:15 PM EDT

By Ben Richardson and Frank Longid

July 12 (Bloomberg) -- Li & Fung Ltd., the biggest supplier to retailers including Wal-Mart Stores Inc. and Target Corp., increased its funds for acquisitions to about $1.15 billion with the sale of 10-year debt.

The supplier of consumer goods ranging from Tommy Hilfiger clothes and Kate Spade bags to furniture, cosmetics and toys said in a July 9 statement that it raised $350 million selling a second batch of dollar-denominated notes following a sale in May.

http://www.businessweek.com/news/2010-0 ... llion.html
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Li & Fung 0494

Postby winston » Mon Aug 16, 2010 11:43 am

Not vested.

DJ MARKET TALK: DB Upgrades Li & Fung To Buy;Ups Target 31.1%

1029 [Dow Jones] STOCK CALL: Deutsche Bank upgrades Li & Fung (0494.HK) to Buy from Hold; says while still uncertain about order book short-term, more positive on stock on view 2010 acquisitions to be key drivers, offer better visibility.

Says while IDS (2387.HK) acquisition appears expensive based on historical P/E, aim is to provide more logistics orders to IDS, expects L&F to turn operation around fairly quickly; marks first step into Asia in more meaningful way.

Says still believes L&F won't achieve current three-year plan, but adds, "With plans to tap the Asia market via IDS (small 5.5% dilution max) and leverage its connections with international, we believe the outlook for the next three-year plan (2011-13) is more promising."

Raises target to HK$47.05 from HK$35.90 after raising FY10-12 EPS estimates by 14%-22% on better-than-expected 1H10 results, management plan to leverage brand relations to tap Asian markets. Stock +0.5% at HK$38.20; HSI down 0.4%.


Source: Dow Jones Newswire
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Li & Fung 0494

Postby LenaHuat » Fri Oct 15, 2010 9:58 am

Li and Fung's shareholders have approved the almost US$900m buy-out of HK-listed logistics firm, IDS.
IDS would henceforth be taken private. Watch Bruce Rockowitz's interview on CNBC. L&F expects a huge explosion in the Asian consumer base in the next 10 years. This is giving me food for thought ;)
Please be forewarned that you are reading a post by an otiose housewife. ImageImage**Image**Image@@ImageImageImage
User avatar
LenaHuat
Big Boss
 
Posts: 3229
Joined: Thu May 08, 2008 9:35 am

Re: Li & Fung 0494

Postby winston » Tue Feb 08, 2011 4:00 pm

Not vested

DJ MARKET TALK: Margin Squeeze For Li & Fung Likely -UBS

1540 [Dow Jones] STOCK CALL: UBS says while most investors believe Li & Fung (0494.HK) benefits in an inflationary environment as its commission could increase, "we worry about a margin squeeze."

The house notes that the latest inflation cycle differs from previous cycles in that overseas retailers hesitate to pass through cost increase, and believes that all parties in the value chain--suppliers, manufacturers, sourcing agents such as L&F, and to a lesser extent, retailers--"will share the pain."

UBS adds, on one end, retailers are conservative with price hikes; on the other, commodity price hikes will likely continue.

It keeps Sell call on L&F with a target price of HK$33.00. Li & Fung is down 0.9% at HK$47.90.


Source: Dow Jones Newswire
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Li & Fung 0494

Postby winston » Tue Mar 29, 2011 1:29 pm

Not Vested. And I think it's all about Valuation ...

DJ MARKET TALK: Li & Fung Remains A Growth Business - BarCap

1303 [Dow Jones] STOCK CALL: Barclays Capital raises Li & Fung (0494.HK) to Overweight from Equal-weight and keeps the target price at HK$50.00.

The house says while earnings visibility is the best it has been in years, the stock has fallen to a 16% discount to its historical average five-year forward P/E of 28.5X, which "presents a buying opportunity."

BarCap says the biggest concern it sees with a business of this scale is when it reverts to ex-growth; management's discussion of its next three-year plan "leaves us with little doubt that this remains a growth business, at least for the next three years."

The stock rebounds 1.4% to HK$38.10 at midday, after its 12.6% post-results slump over the past two sessions.


Source: Dow Jones Newswire
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: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Li & Fung 0494

Postby winston » Fri May 27, 2011 11:24 am

Not vested. PE 28 and EPS growth is ?

DJ Li & Fung: UBS Report On Firm's Accounting Policies Not Factually Accurate

HONG KONG (Dow Jones)--Hong Kong supply chain manager Li & Fung Ltd. (0494.HK) Friday clarified about its accounting policies in response to a research report issued by UBS Securities Asia Ltd.

The clarification came after UBS Wednesday lowered Li & Fung's its target price to HK$9.00 from HK$16.50 to reflect changes in its accounting policies. Li & Fung, whose shares tumbled 4.9% to HK$16.64 Thursday, said the report was factually inaccurate.

UBS said Li & Fung has recently adopted a new accounting rule, HKFRS 3 (revised), and said the company's future GAAP earnings might not fully reflect the profitability of operations and that the new revenue recognition policy may distort a declining margin trend.

'These statements are misleading,' Company Secretary Terry Wan said in the statement.

'The company has disclosed the relevant accounting policies in note 1.1 of its 2010 accounts, which have been audited by PricewaterhouseCoopers and are in full compliance with the HKFRS (Hong Kong Financial Reporting Standards),' Wan said.

The company, which sources products for U.S. retailers such as Wal-Mart Stores Inc., Abercrombie & Fitch Co. and Kohl's Corp., also said its newly acquired logistics company Integrated Distribution Services Group Ltd. (2387.HK) contributed a profit before tax of around US$5 million during the two months post-acquisition in 2010, in contrast to a loss of US$5 million reported by UBS.

Source: Dow Jones Newswire
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: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to L to R

Who is online

Users browsing this forum: No registered users and 12 guests

cron