FY20 was an exceptional year for Vincent Medical (VM) with both top and bottom lines reached record high...
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Blue Moon, the leading household care product company in China, issued a profit warning for its 1H21 results on 20 July. BM is expected to record a net loss of HK$44m in 1H21 compared to HK$302m of profit in 1H20, due to...
CROSBY Research - Vinda International (3331HK): Strong growth in premium products & e-commerce sales
Vinda 1H21 revenue was up by 19.0% YoY (constant FX: +11.0%) to HK$9.1bn. Tissue/personal care segments, which accounted for 83%/17% of total sales in 1H21 (1H20: 82%/18%), were up by 20.3%/13.3% YoY to HK$7.5bn/HK$1.6bn...
Q-Tech issued positive profit alert on 16 Jul and expected net profit to increase 40%-60% YoY in 1H21, compared to net profit of Rmb336mn in 1H20...
Xtep core brand achieved a 40-45% YoY growth in retail sell-through in 1H21, with mid-fifties/30-35% YoY in Q1/Q2. The robust growth was driven by...
Jun exports remained resilient – Despite normalization in certain export categories, China’s total exports in Jun still grew strongly at 32% YoY in USD, way ahead of consensus expectation of 23%...
Congratulations to Vincent Medical (1612.HK) on the successful listing on the Main Board of the Stock Exchange of Hong Kong Limited.
Crosby is a Joint Bookrunner of Vincent Medical (1612.HK) IPO.
Price of Bitcoin surged 20% during the week of June 3rd to the highest level in 20 months. Media reports said that this sharp increase have been largely attributed to demand from the Chinese market and that the fear of sharp devaluation of the RMB caused panicked Chinese traders to buy Bitcoin to avoid losses.
But not everyone agreed……
According to a Forbes article, “….by 2017, more than 30% of enterprise access to broadly based big data will be via intermediary data broker services, serving context to business decisions.” “…… by 2020 information will be used … eliminate 80% of business processes …from a decade earlier. ”
Congratulations to Bank of Tianjin (1578.HK) on the successful listing on the Main Board of the Stock Exchange of Hong Kong Limited.
Crosby is a Joint Bookrunner and Joint Lead Manager of Bank of Tianjin (1578.HK) IPO.
Want to know what the HK landlord thinks of the biggest retail sales plunge since SARS? Crosby kicks off the Year of Monkey with Link REIT (823 HK) and Fortune REIT (778 HK) Corporate Access events.
IMax China (1970 HK, NR) is definitely one of the few names on our radar that outperformed the global equities meltdown that is taking place at the moment.
As sales figures on the iPhone 6S continue to disappoint, bets are now on when Apple will be launching the iPhone 6c and iPhone 7 in order to keep up with their earnings growth.
Crosby has issued a sector report on China telecom sector today. We believe Tower asset injection will benefit China Tel (728 hk, NR) on its 4G network coverage.
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Wan Chai, Hong Kong
151 Gloucester Road
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