CLSA: 361 degree brand quality weaker channel inventory risk high

Source: Internet
Author: User
Keywords Inventory Leon
NET June 22 CLSA said the 361-degree (01361) 2006-2008 earnings composite growth of 303%, mainly because of the active opening of new stores, rather than the same shop sales growth led. Due to weak brand quality, operating cash flow, retail channel inventory risk high, and retail management can refer to the short time, 361 degrees should be compared with the peer Anta (02020) and China Trend (03818) (both rated as "buy") valuation has 40至50% discount. Based on the reasonable value of 2010 forecast P/E ratio 7.7 times times to 9.2 times times, the proposed limit subscription 361 degrees. 361 degrees per share of 3.15 to 4.35 yuan IPO.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.