Thursday, 5 May 2016

Zhongmin Baihui Retail Group - Phillip Securities 2016-05-06: Weak start points to tough year ahead

Zhongmin Baihui Retail Group - Phillip Securities 2016-05-06: Weak start points to tough year ahead  ZHONGMIN BAIHUI RETAIL GRP LTD 5SR.SI 

Zhongmin Baihui Retail Group - Weak start points to tough year ahead

  • Revenue and net profit hurt by extended winter in 1Q16.
  • Expects subdued sales in FY16 due to marginal growth in store space coupled with a meek macro environment.
  • Net cash position supportive of consistent dividend payout. Potential dividend yield of 3.2%.
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