Want Want China 0151

Re: Want Want China 0151

Postby winston » Thu Jun 21, 2018 8:49 am

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First Sales, Then Profit Recovery

Better sales; margins to recover next

Maintain BUY with a new TP, now pegged at 24x FY19E P/E, intact at 1SD above its 7-year average. This is a change from our blended FY17-18E P/E when it had a December year-end.

We also introduce new forecasts following the change in its financial year-end to March.

Expect catalysts from a sustained sales and profit recovery on the back of WWC’s Hot-Kid milk sales.

Healthier channel inventory and strengthening market presence should support its sales momentum.

ASP increases of 5-10% were implemented in April/May for its Hot-Kid milk, which together with abating raw materials cost pressure, bode well for margin recovery.

Relaxing birth control in China is expected to enlarge its addressable market in future.

Source: Kim Eng

https://factsetpdf.maybank-ke.com/PDF/9 ... 1e70dc.pdf
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Re: Want Want China 0151

Postby winston » Sun Aug 26, 2018 9:03 pm

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The first on-market trades in food and drink producer Want Want China Holding by chairman and CEO Tsai Eng-meng since May 2016 were also recorded in the latest week.

Tsai bought 19 million shares from August 15 to 22 at HK$5.85 to HK$6.36 each, or an average of HK$6.06 each.

The trades, which accounted for 13 per cent of the stock’s trading volume, increased his holdings to 6.261 billion shares, or 50.29 per cent of the issued capital. They were made after the stock fell by as much as 28 per cent from HK$8.11 on June 7.

He had previously acquired 35 million shares in May 2016 at an average of HK$5.70 each, 63.5 million shares from October to November 2015 at HK$6.31 each and 3.78 million shares in August 2010 at HK$6.09 each. The stock closed at HK$6.28 on Friday.

Source: SCMP
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Re: Want Want China 0151

Postby behappyalways » Thu Jun 18, 2020 4:27 pm

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Re: Want Want China 0151

Postby winston » Mon Oct 19, 2020 11:25 am

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WANT WANT CHINA(151)

Analysis:

Want Want is expected to announce its results for the 1H21 in November.

It is expected that the company`s revenue and net profit will record a high single-digit increase compared to the same period last year.

This is mainly due to the increase in replenishment demand after the epidemic.

It is expected that the company`s milk beverages and Snack companies will begin to benefit.

The company began to explore overseas markets, among which the Vietnam factory will also start operations in the middle of next year.

In addition, new sales channels such as online, self-service vending machines and physical stores will also begin to provide growth drivers for the company.

The company has been actively repurchasing the company`s shares since August. The group has repurchased 183 million shares at an average price of 5.30 yuan, the largest amount of repurchase in three years.

Strategy:
Buy-in Price: $5.40, Target Price: $6.00, Cut Loss Price: $5.10

Source: Phillips
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Re: Want Want China 0151

Postby winston » Fri Sep 24, 2021 11:19 am

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WANT WANT CHINA(151)

Analysis:

Want Want China (151) is primarily engaged in the manufacturing and sale of rice crackers, dairy products and beverages, snack foods and others (including mainly wine and other food products).

While Want Want has numerous different product lines, the management has been working hard on developing different new sales channels with the strategic objective of exploring consumers of different ages through a multi-brand strategy.

These efforts have begun to take shape and yield results. (I do not hold the above stock)

Strategy:
Buy-in Price: $5.50, Target Price: $6.00 , Cut Loss Price: $5.20

Source: Phillips
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Re: Want Want China 0151

Postby winston » Fri Sep 24, 2021 11:19 am

not vested

WANT WANT CHINA(151)

Analysis:

Want Want China (151) is primarily engaged in the manufacturing and sale of rice crackers, dairy products and beverages, snack foods and others (including mainly wine and other food products).

While Want Want has numerous different product lines, the management has been working hard on developing different new sales channels with the strategic objective of exploring consumers of different ages through a multi-brand strategy.

These efforts have begun to take shape and yield results. (I do not hold the above stock)

Strategy:
Buy-in Price: $5.50, Target Price: $6.00 , Cut Loss Price: $5.20

Source: Phillips
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Re: Want Want China 0151

Postby winston » Wed Jun 29, 2022 2:07 pm

WANT WANT CHINA Plunges 11%; Brokers' Opinions Mixed as Full-yr OP Contracts

WANT WANT CHINA (00151.HK) announced yesterday that the full-year net profit of the group increased slightly and raised the dividends.

UBS, viewing the group's annual revenue as in line with the forecast, kept WANT WANT CHINA at Buy with a target price of $8.2.

Morgan Stanley also ramped up the target price for the stock to $7.4. Macquarie and JPMorgan, however, downgraded the stock from Underperform to Underweight, with a target price of $6.6 and $6.2, respectively.

Reversing the upward momentum over the past four days, WANT WANT CHINA plummeted sharply from its one-month high, once bottoming at $6.3. The stock last printed $6.94, down 11%, on a volume of 23.13 million shares.

For the year ended 31 March 2022, WANT WANT CHINA's net profit rose 1.1% YoY to RMB4.203 billion.

EPS was RMB35.16 fen.

The final dividend expanded by nearly 44% YoY to US2.1 cents per share, along with a special dividend of US2.94 cents per share.

However, the group's operating profit dropped 4.9% YoY to RMB5.457 billion, while the GPM contracted 3.4 ppts YoY to 44.8%.

Source: AAStocks Financial News
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Re: Want Want China 0151

Postby winston » Thu Jun 30, 2022 8:45 am

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Snacks deliver limited crunch for Want Want

Snack and beverage maker Want Want China (0151) increased its net profit by 1.1 percent year-on-year to 4.2 billion yuan (HK$4.91 billion) for the year ending in March.

It also proposed a final dividend of 2.1 US cents (16.3 HK cents) and a special dividend of 2.94 US cents.

Revenue during the period jumped by nearly 9 percent to a record high since its listing of 23.9 billion yuan, according to a filing yesterday.

Sales from rice crackers remained flat at 5.59 billion yuan and those from dairy products and beverages grew by 16.9 percent to 12.8 billion yuan.

And sales from the snack foods segment inched up by 1.6 percent to 5.39 billion yuan.

The gross profit margin, however, fell by 3.4 percentage points year-on-year to 44.8 percent due to the increasing cost pressure from the high prices of raw materials and packaging materials.

Source: The Standard

https://www.thestandard.com.hk/section- ... -Want-Want
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Re: Want Want China 0151

Postby winston » Thu Jun 30, 2022 9:58 am

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Results missed amid the pandemic lockdown

Want Want reported FY3/22 revenue growth of 9.0% yoy and net profit growth of
1.1% yoy, below our expectations, because of weak 2H FY3/22 sales amid Omicron
outbreaks and margin pressure because of raw material price hikes.

We expect Want Want’s margin pressure to linger in the next 6–9 months as raw
material prices are higher than management’s previous expectations and the sales
price hikes since Jan 1, 2022 are not enough to fully offset the cost pressure.

Downgrade to Hold with a new DCF-based TP of HK$7.6 to reflect the Omicron impact
and margin pressure amid raw material price hikes.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 367C6F466F
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Re: Want Want China 0151

Postby winston » Thu Jun 30, 2022 10:42 am

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Want Want China (151 HK): Price hikes to partly offset cost pressure [FULLY VALUED, TP HK$6.48]

Net profit growth of 1.1% in FY3/22 in line with market expectations

Price hikes took effect from March to support topline growth ahead

Raised FY23F earnings by 4% and introduced FY24/25 forecasts; maintain FULLY VALUED; TP at HK$6.48

Source: DBS
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