![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](https://2.bp.blogspot.com/-a8LHSmm14YE/VrtoqeB-ZAI/AAAAAAAAEHY/m_oQBQ6r270oniE7wtJ-WaGapkrvWk1bg/s1600/zhongmin%2Bbaihui%2Bretail%2Bgroup.png)
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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