China Conch Ventures 0586

China Conch Ventures 0586

Postby winston » Thu Jan 02, 2014 6:05 am

not vested

A strong pick could be China Conch Ventures (0586).

It holds 23.1 percent of Anhui Conch (0914) and 15.7 percent of Wuhu Conch Profiles and Science. The two holdings have a market value of HK$14.96 per share.

The third area is a collection of several environmental protection services. A Nomura report expects the two equity holdings to help secure earnings per share at 13 percent, while compounded annual growth rate over the next three years and the environmental business offer upside potential to profit growth.

The group's incineration business enjoyed a 25 percent market share in China in the 2012 fiscal year, and its residual heat for the power generation business had a 21 percent market share.

Its green building material business - scheduled to start operations in the third quarter of this year, should further add fuel to its top line growth, commencing fiscal year 2015.

Conch Ventures primarily serves domestic, Brazilian and Thai customers (accounting for 67, 21 and 12 percent of total revenues, respectively, in 2012). It is expanding global operations, given strong overseas potential.

Conch Ventures shares closed at HK$21.20 on Tuesday. They may push HK$30 this year, as there isn't much choice for the fund managers in this sector.


Source: Dr Check, The Standard HK
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