Vinda International 3331

Re: Vinda International 3331

Postby winston » Fri Jul 17, 2015 3:04 pm

VINDA INT'L Posts 2.5x Surge in Revenue from E-Commerce Channels

VINDA INT'L (03331.HK) posted a 25% increase in sales volume to 320,300 tonnes in the first half of the year.

Li Chao Wang, the Chairman, said that despite intensive competition, the alteration in One Child Policy, population aging and upgrading consumption pattern bring opportunities to the company's products.

VINDA INT'L recorded a 2.5-time increase in revenue from e-commerce channels in the first half of 2015, accounting for 9.8% of total turnover.

Zhang Dong Fang, the Chief Executive Officer, expects e-commerce channels to generate about 20% revenue in the future.


Source: AAStocks Financial News
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Re: Vinda International 3331

Postby winston » Wed Jul 29, 2015 3:11 pm

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July 20, 2015

<Research Report>BofA Merrill Lynch: VINDA INT'L Target Price Lifted to $21.3 on Strong Results

Bank of America Merrill Lynch stated that VINDA INT'L (03331.HK) recorded 29% sales growth, which should rank top among China staples during the period.

The company has obviously taken the market share.

Meanwhile, the profit soared 49%.

The broker maintained the rating of company at Buy and lifted the target price from $19.3 to $21.3.

The stock is the broker's top pick in small-to-mid cap staples given its superb revenue growth and margin improvement.

The broker believed the company's sales growth and improvement in the product mix may continue in the second half of 2015.

Looking into 2016, it is expected that further margin expansion will be contributed from the personal care business.

Source: AAStocks Financial News
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Re: Vinda International 3331

Postby winston » Fri Jan 29, 2016 6:55 am

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Vinda profit hit by forex losses

Hygiene products maker Vinda International (3331) plans to increase its yuan loans to avoid more exchange losses that led to a 47-percent plunge in net profits last year despite rising revenue.

Vinda said net profit tumbled to HK$314.4 million, as foreign exchange losses surged to HK$308.6 million from HK$17.9 million in 2014, due to a weaker yuan.

Basic earnings per share slid to 31.5 HK cents from 59.4 HK cents in 2014. Vinda shares ended 5.78 percent lower yesterday at HK$12.06.

The final dividend is five HK cents per share versus 12 HK cents in 2014. Along with the interim dividend, the dividend payout ratio rose to 31.7 percent for the year from 26.9 percent.

The tissue and baby care products maker recorded 21.4 percent increase in total revenue to HK$9.7 billion.

Revenue from its largest business tissue paper rose 18.9 percent to HK$9.4 billion, while personal care and e-commerce businesses surged 194 percent and 124 percent, respectively.

The gross profit margin rose by 0.3 percentage points to 30.5 percent.

Chief financial officer Toby Lawton said the firm has raised the percentage of yuan borrowings from 8 percent to 42 percent last year and it will continue to raise the percentage.

Source: The Standard
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Re: Vinda International 3331

Postby winston » Thu Jul 21, 2016 5:32 am

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Vinda eyes clean-up in Asia

by Gloria Song

Hygiene products and services provider Vinda International (3331) chief executive Johann Michalski is predicting a double-digit increase in revenue.

Net profit dropped 2.9 percent to HK$321 million in the first half while total revenue surged 14.5 percent, hitting HK$5.7 billion. An interim dividend of five HK cents was recommended.

Tissue revenue, accounting for about 86 percent of the total, rose 14 percent and revenue from the personal health segment jumped 22 percent.

The merger with SCA Asia, the parent company of Tempo, helped boost performance and the company will expand the Tempo brand to China and personal care products to other regions in Asia, said chairman Li Chaowang.

Li added the company would increase promotion efforts but would not join in a price war amid fierce competition in the mainland tissue paper market.

Michalski said products with high profit margins like box tissues and wet wipes would be added to its portfolio.

He noted that benefiting from a drop in pulp price, the gross profit margin in the second quarter increased 1.3 percentage points to 31.9 percent. Also, he said the cost for the third quarter would be stable since they had enough pulp inventory to support five months of production.

Chief financial officer Toby Lawton said the yuan depreciated 2 percent in the first half and adversely affected the company's performance.

E-commerce now represents 17 percent of sales, up four percentage points from the previous year

Source: The Standard
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Re: Vinda International 3331

Postby winston » Thu Jul 21, 2016 12:27 pm

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VINDA INT'L Leaps 9%; Target Price Raised by Daiwa after Results

VINDA INT'L (03331.HK) +1.220 (+9.118%) Short selling $147.72K; Ratio 6.233% was maintained at Outperform by Daiwa with target price lifted from $15 to $15.6.

The stock breached 50- and 250-day MA ($13.94 and $14.49), peaking at $14.7. It last traded at $14.58, jumping 9%, on volume shooting up to 330,000 shares, involving $4.71 million.

For the six months ended 30 June 2016, the company's net profit fell 2.9% to $321 million; EPS at 30.6 cents, with 5 cents interim dividend declared.

Source: AAStocks Financial News
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Re: Vinda International 3331

Postby winston » Thu Jul 21, 2016 12:41 pm

An upcoming Asia hygiene powerhouse

1H16’s net profit was in line with our expectation (54% of our full-year forecast), driven by rapid sales network expansion and product mix upgrade.

We expect the strong sales momentum to continue, and believe growth in the personal care segment will accelerate.

We fine tune our FY16-18 EPS forecasts by between -0.4% and 0.8%.

Maintain Add, DCF-based target price remains at HK$16.20 (WACC:8.7%).

Source: CIMB

https://brokingrfs.cimb.com/m3ZBL1hgQb3 ... 922MA2.pdf
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Re: Vinda International 3331

Postby winston » Thu Jul 21, 2016 1:14 pm

<Research Report>Daiwa Lifts VINDA INT'L Target Price to $15.6; Rated Outperform

Daiwa, in its report, commented that VINDA INT'L (03331.HK)'s control over 1H16 operating cost and forex loss was better than expected.

Coupled with improvement in product portfolio, the broker reiterated the company at Outperform with target raised to $15.6 from $15.

Daiwa said Vinda's 1H16 performance resulted in a lot of positives, including natural growth of 14.5% and narrowed forex loss ect..

The broker lifted the EPS forecast of Vinda for 2016 by 8%.

Source: AAStocks Financial News
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Re: Vinda International 3331

Postby winston » Fri Jan 27, 2017 8:20 am

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Vinda doubles net profit on stronger sales growth

by Koey Yip

Vinda International (3331) doubled its net profit last year due to strong revenue growth and significant reduction of foreign exchange loss.

For the fiscal year ended December 31, the tissue paper manufacturer posted net profit of HK$654 million - up 107.8 percent over the previous year. Earnings per share were 59.8 HK cents, and a final dividend of 12 HK cents was declared.

During the year, total revenues jumped 24.3 percent to HK$12.1 billion, representing 13.7 percent of organic growth.

Both tissue and personal care segments - incontinence and feminine in particular - contributed to the strong organic growth. Revenue from personal care segments soared five times from the previous year to HK$2.03 billion.

The firm attributed the surge in revenue to the new source of income from its SCA Asia business.

Vinda's core business - the tissue segment - recorded a 7.12 percent year- on-year growth to HK$10 billion, accounting for about 83 percent of total sales.

Meanwhile, due to the lower price of wood pulp and the product portfolios, its gross profit jumped 29 percent to HK$3.8 million. And the gross margin also rose 1.2 percentage point to 31.7 percent.

Despite the bright annual results, chief executive Johann Michalski said the market is still full of challenges in 2017, such as slower growth in the mainland economy.

He said product prices won't be markedly adjusted unless the cost of raw materials goes up.

Vinda chairman Li Chao-wang said the company has no interest in engaging in a price war with competitors.

Noting that revenues from the e-commerce platform accounted for 18 percent of total sales. Li said the firm hopes to become the e-commerce leader in the industry to boost consumption, as he is confident about the consumption power of youngsters and the middle class.

Source: The Standard
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Re: Vinda International 3331

Postby winston » Fri Feb 17, 2017 10:57 am

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New strategies to drive growth in FY17

We had a conference call with management on Vinda’s new FY17 strategies.

The new strategies are:
1) accelerating growth of its napkin product via launch of high-end Libresse brand, and
2) increase tissue exports to other Asian countries.

We think this plan is sound, and raise our FY17-18F EPS forecasts by 0.3-4.5% for stronger sales growth and higher GPM.

We maintain our Add rating, with a higher DCF-based TP of HK$17.2.

Our FY17- 19F earnings forecasts are 7-23% above consensus.

Source: CIMB

https://brokingrfs.cimb.com/ejHYhYQoyXf ... u8b8Q2.pdf
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Re: Vinda International 3331

Postby winston » Sat Jan 27, 2018 3:49 pm

China’s tissue giant Vinda expects further industry consolidation as Beijing tightens environmental controls

The company forecasts 700,000 tonnes of production capacity will shut down in 2018, a rise from last year’s 600,000 tonnes

Vinda International Holdings, China’s third largest tissue manufacturer whose majority shareholder is Swedish hygiene products firm SCA.

The country has started to levy an “environment tax” from January 1 on enterprises and public institutions that produce noise, air and water pollution, and solid waste from their operations.

It reported a near 5 per cent decrease in net profit to HK$620.96 million (US$79.5 million) for the year ended December 31, while its Ebitda grew by 7.1 per cent for the period.

Source: SCMP

http://www.scmp.com/business/china-busi ... r-industry
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