Not vested. From Dr. Check:-
Hengan International (1044) is a top maker and distributor of personal hygiene products in China, where rising living standards have fueled robust sales for the company.
Last year, Hengan's net profit jumped 44 percent from 2006 to reach HK$1.005 billion.
A large portion of the gains were derived from rising sales of higher-end products, which command wider margins.
These include sanitary napkins and disposable diapers, which accounted for 27 percent and 24 percent of total revenue respectively.
Rising prices for wood pulp and petrochemical items have raised production costs. But a wider sales network, higher retail prices coupled and a lower tax rate have helped increase earnings.
Since early 2005, the stock has risen six times from HK$5 to a record of HK$35.90 last December. It is now trading at HK$27.90 or 30 times its 2007 price earnings ratio.
Any correction near HK$25 makes the stock attractive.