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BIZCHINA> Listed Companies
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Maotai gains from age of consumption
By Zhang Ran (China Daily)
Updated: 2007-01-22 11:05 The company's share price traded at 83.79 yuan last Tuesday, up 48 percent since August, when it resumed trading following share restructure reform. The firm's net profit in the first three quarters of 2006 increased 35.5 percent year on year to 950 million yuan. An investment strategy report released by Shanghai-based Shenyin Wanguo Securities recommended the company as one of the five most valuable to invest in for 2007. "We believe the company has very good growth prospects with 30 percent annual net profit growth in five years," the securities firm says. It predicts the company's earnings per share (EPS) in the next three years will be around 2.40 yuan, 2.95 yuan and 3.90 yuan. It says the company's stock will rise to 86 yuan in six months. Another firm that is slated to do well is Hong Kong listed department stores Parkson's. Its' net profit after tax grew by 84 percent year on year in the first half of 2006, and it had 118 percent year on year growth in the second quarter of 2006. Hong Kong listed Fujian Province-based hygiene products maker, Hengan, also looks strong. Its mid to high-end sanitary napkins grew by over 40 percent year on year in the first half year of 2006, and its baby diapers grew by 55 percent year on year in the first half. A survey conducted by Mastercard says that despite an expected slowdown in the Chinese economy, consumers in China remain highly optimistic about the first half of 2007. (For more biz stories, please visit Industries)
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