Hong Kong Stock Trend Is Weak &Nbsp; Nine Xing Holdings Potential.

The recent trend of Hong Kong stocks is weak, and investors can choose some potential stocks. Today, we introduce nine Xing holdings. Hongkong deal Serial number 01836. The group is a high-end shoe manufacturer. Its main customers include six of the world's ten largest casual shoe companies. It also designs, develops and produces shoes for many high-end fashion brands. In addition, the group has developed its retail business through its own brand StellaLuna and What For, and has successfully entered the footwear market in the mainland. By the end of last year, the group's revenue increased by 28.2% annually, to about US $1 billion 293 million; net profit increased by 18.9% to US $121 million a year; earnings per share were US $0.154, up 19.4%. group In the first quarter of this year, manufacturing revenue increased by 21.5% to 272 million 900 thousand US dollars, and sales increased 7.8% to 12 million 400 thousand pairs. Mainland retail business revenue increased 32.3% to $17 million 200 thousand, same store Sales volume Up 21%, to $9 million 800 thousand.

In terms of share price movements, the share price of nine Hing Holdings has risen repeatedly since early March, rising to HK $20.80 at 52 weeks earlier this month, and is now at a steady level of HK $19.6. In terms of valuation, the current price is equivalent to 14.9 times the forecast price earnings ratio in 2011. With the interest rate of 4.2%, the valuation is reasonable, and investors are advised to buy in the vicinity of HK $19. The target price will be 21 Hong Kong dollars, or 17.5 Hong Kong dollars.