Monday 14 March 2016

Zhongmin Baihui Retail Group - Phillip Securities 2016-03-14: Best-laid plans of mice and men oft go astray

Zhongmin Baihui Retail Group - Phillip Securities 2016-03-14: Best-laid plans of mice and men oft go astrayZHONGMIN BAIHUI RETAIL GRP LTD 5SR.SI 

Zhongmin Baihui Retail Group (ZBR) - Best-laid plans of mice and men oft go astray 

  • Plans laid out but… 
    1. Unusually unfavorable weather affected winter sales in 4Q15 and weighed on whole year earnings. 
    2. Expansion plan hits speed bumps along the road – execution as well as regulatory challenges. 
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