Gold und Schmuck-Aktien Hongkong / China (Seite 292)
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Anscheinend haben heute einige gemerkt, daß die Goldene Woche in China Anfang Oktober die Umsätze der Schmuckaktien stimulieren könnte.
Chow Sang Sang 10,10 HKD + 13,10 %
Noble Jewelry 1,28 HKD + 9,40 %
King Fook 0,99 HKD + 13,79 %
Oder kennt jemand andere Gründe?
Chow Sang Sang 10,10 HKD + 13,10 %
Noble Jewelry 1,28 HKD + 9,40 %
King Fook 0,99 HKD + 13,79 %
Oder kennt jemand andere Gründe?
Antwort auf Beitrag Nr.: 31.345.110 von NOBODY_III am 30.08.07 17:11:31Auszug aus dem Announcement:
11
MANAGEMENT DISCUSSION AND ANALYSIS
The Group’s Results
In both Hong Kong and Mainland China the economy has enjoyed a vibrant first half of the year 2007. The Group’s principal business, the manufacture and retail of jewellery in the Mainland, Hong Kong, Macau and Taiwan, registered growth that reflected the benefit of such an economic climate. Likewise the Group’s securities and futures brokerage rode on the strong equity market to register pleasing results. Although the precious metals wholesale arm did not enjoy such positive market conditions it nevertheless held its own as compared to the year before.
The turnover of the Group for the six months ended 30 June 2007 decreased 26% to HK$3,560 million from HK$4,807 million of the year before. Profit attributable to shareholders however rose to HK$180 million, 20% above the HK$151 million of the prior year, and earnings per share for the half year climbed to HK29.9 cents from HK25.0 cents.
In May 2006, a rapid swell of scrap gold selling by the public, unleashed by the sharp rise in the price of gold, gave a significant boost to the turnover. Although scrap selling has since retreated to a “normal” level, the effect of the loss of such revenue was more than offset by the growth in the sales of normal merchandise.
Jewellery Retail
Operating profit from jewellery retail grew 9% to HK$184 million as turnover climbed 35% to HK$1,760 million, which is 49% of the Group’s total turnover.
Hong Kong & Macau
With a resurgent economy in the background, spending by Mainland visitors and locals alike has been strong. Turnover was higher than last year in every month of the first half. Average price of items sold has also been rising. In particular, sales of gem-set jewellery and watches registered gratifying gains for the period of 24% and 54% respectively.
Of the total turnover of jewellery retail, Hong Kong and Macau accounted for 73% or HK$1,277 million.
Although the price of gold has quickly retreated from the peak that it had reached in May 2006, throughout the first half of 2007 it was higher than it had ever been in the second half of 2006. Naturally inflow of gold shrank considerably compared with the first half of 2006, but sales of gold jewellery and ornaments were stronger than in that prior period. With the significant drop in recycling profit, overall gross profit derived from gold went down by 46%, a magnitude that is nevertheless less than expected, thanks to healthy sales.
At 628 Nathan Road, Mongkok, a new lease was signed to comprise all the shop space at the premises, about double the size of the existing shop. The entire ground floor has been fitted out into a mega-store 500m2 in area with 40m of frontage on Nathan Road. With these dimensions it is virtually a landmark in Mongkok, and as such the shop is poised to offer a unique “one-stop” jewellery shopping experience not to be missed by any shopper in the area, much more so for those from the Mainland. The shop is divided into specialty zones, one of which is given to Emphasis Jewellery and another to Rolex and Tudor watches. In anticipation of the mega-store, the lease of the shop located a couple of blocks south was closed when its lease expired in May.
12
In October a new “concept store” will open in The Elements, the new shopping complex located above MTR Kowloon Station. This store will be designed with an entirely new ambiance to appeal to the most sophisticated shoppers.
Emphasis Jewellery has been keeping up its pace, achieving a growth of 48% in gross profit over the same period last year. A new shop was opened at Queensway Plaza, Admiralty. The shop originally at Shop 3 of 628 Nathan Road has been reconfigured as one of the specialty zones in the mega-store.
In 2007, to date there has been 3 new Chow Sang Sang shops and one closure. The number of shops in Hong Kong stands at 36. Over at Emphasis Jewellery, with one new shop added the count is 10 in Hong Kong and Macau. Another store will open in Macau, in the resort The Venetian in the second half of 2007.
As is widely known, shop rent has been going up. As a result, rental expenses have gone up 16%. Capital expenditure amounted to HK$12 million. The effect of the mega-store referred to above will appear in the second half.
Mainland China
During the first half of 2007 operating profit from the Mainland stores have already exceeded the total amount of 2006. The turnover went up 87% to HK$449 million; it is now 25% of the Group’s total turnover in jewellery retail.
Same-store growth has been robust, reflecting the increased sales of jewellery with larger sized diamonds in many cities. Thanks to the reduction in value-added tax on diamonds imported through the Shanghai Diamond Exchange, profitability of diamond jewellery sales has improved. To facilitate the importation of diamonds a new company, Chow Sang Sang Diamond (Shanghai) Co., Ltd. was formed and enlisted as a member of the Shanghai Diamond Exchange. It operates as an importer and a repository of the Group’s diamond inventory.
In the reporting period, 13 stores were opened and 11 were located in cities where we already have presence. The exceptions were in Zhuhai, Guangdong, and in Quanzhou, Fujian. This is in keeping with the current strategy of giving higher priority to strengthening the network within cities than to increasing the number of cities covered by the network.
Looking ahead, by the end of the year, 15 more stores will have been opened, including those in Urumqi, Xinjiang and Lanzhou, Gansu. Efforts are being put into the setting up of flagship stores in Beijing, Shanghai and Guangzhou.
Capital expenditure in the period amounted to HK$13 million, mostly incurred in opening of new shops.
Taiwan
Turnover was HK$34 million, being 2% of the total. More work is being put into motivating the team to engage in brand management.
13
Wholesale of Precious Metals
Turnover from the wholesale business dropped by 23% in the first half of 2007 to HK$1,723 million and accounted for 48% of the Group’s turnover. Even though the trading of gold dropped considerably from the first half of 2006, gross profit per unit weight was actually higher. At the same time, growth in the trading of platinum and other metals made up for the decrease. Operating profit increased by 230% to HK$7 million.
Securities and Futures Broking
The stock market has been even more active than it was in the first half of 2006, with average daily turnover for the first half of 2007 at a record HK$59.2 billion. Our transaction volume for the first half shot up to HK$21 billion, being an increase of 88% over the same period of 2006 that stands well compared to the overall market increase of 82%.
Commission income was HK$47 million (+82%) and operating profit reached HK$32 million (+94%).
Advance to customers, as distinct from initial public offering (“IPO”) financing, climbed to HK$159 million as at 30 June 2007. The amount at the end of 2006 was HK$85 million. IPO financing amounted to HK$1,206 million at the end of June 2007 (31 December 2006: HK$nil). Loan quality had been scrupulously maintained and no material provision for bad debt was required.
In the first half of the year, the Group entered into a sale and purchase agreement with an independent third party to dispose of a trading right in The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) for a cash consideration of HK$500,000. The Stock Exchange has approved the transfer in July. This trading right was one of six held by the Group and it was therefore a surplus.
While the outlook for the market is positive for the rest of the year, staff attrition and personnel costs have been rising and are expected to continue to do so.
11
MANAGEMENT DISCUSSION AND ANALYSIS
The Group’s Results
In both Hong Kong and Mainland China the economy has enjoyed a vibrant first half of the year 2007. The Group’s principal business, the manufacture and retail of jewellery in the Mainland, Hong Kong, Macau and Taiwan, registered growth that reflected the benefit of such an economic climate. Likewise the Group’s securities and futures brokerage rode on the strong equity market to register pleasing results. Although the precious metals wholesale arm did not enjoy such positive market conditions it nevertheless held its own as compared to the year before.
The turnover of the Group for the six months ended 30 June 2007 decreased 26% to HK$3,560 million from HK$4,807 million of the year before. Profit attributable to shareholders however rose to HK$180 million, 20% above the HK$151 million of the prior year, and earnings per share for the half year climbed to HK29.9 cents from HK25.0 cents.
In May 2006, a rapid swell of scrap gold selling by the public, unleashed by the sharp rise in the price of gold, gave a significant boost to the turnover. Although scrap selling has since retreated to a “normal” level, the effect of the loss of such revenue was more than offset by the growth in the sales of normal merchandise.
Jewellery Retail
Operating profit from jewellery retail grew 9% to HK$184 million as turnover climbed 35% to HK$1,760 million, which is 49% of the Group’s total turnover.
Hong Kong & Macau
With a resurgent economy in the background, spending by Mainland visitors and locals alike has been strong. Turnover was higher than last year in every month of the first half. Average price of items sold has also been rising. In particular, sales of gem-set jewellery and watches registered gratifying gains for the period of 24% and 54% respectively.
Of the total turnover of jewellery retail, Hong Kong and Macau accounted for 73% or HK$1,277 million.
Although the price of gold has quickly retreated from the peak that it had reached in May 2006, throughout the first half of 2007 it was higher than it had ever been in the second half of 2006. Naturally inflow of gold shrank considerably compared with the first half of 2006, but sales of gold jewellery and ornaments were stronger than in that prior period. With the significant drop in recycling profit, overall gross profit derived from gold went down by 46%, a magnitude that is nevertheless less than expected, thanks to healthy sales.
At 628 Nathan Road, Mongkok, a new lease was signed to comprise all the shop space at the premises, about double the size of the existing shop. The entire ground floor has been fitted out into a mega-store 500m2 in area with 40m of frontage on Nathan Road. With these dimensions it is virtually a landmark in Mongkok, and as such the shop is poised to offer a unique “one-stop” jewellery shopping experience not to be missed by any shopper in the area, much more so for those from the Mainland. The shop is divided into specialty zones, one of which is given to Emphasis Jewellery and another to Rolex and Tudor watches. In anticipation of the mega-store, the lease of the shop located a couple of blocks south was closed when its lease expired in May.
12
In October a new “concept store” will open in The Elements, the new shopping complex located above MTR Kowloon Station. This store will be designed with an entirely new ambiance to appeal to the most sophisticated shoppers.
Emphasis Jewellery has been keeping up its pace, achieving a growth of 48% in gross profit over the same period last year. A new shop was opened at Queensway Plaza, Admiralty. The shop originally at Shop 3 of 628 Nathan Road has been reconfigured as one of the specialty zones in the mega-store.
In 2007, to date there has been 3 new Chow Sang Sang shops and one closure. The number of shops in Hong Kong stands at 36. Over at Emphasis Jewellery, with one new shop added the count is 10 in Hong Kong and Macau. Another store will open in Macau, in the resort The Venetian in the second half of 2007.
As is widely known, shop rent has been going up. As a result, rental expenses have gone up 16%. Capital expenditure amounted to HK$12 million. The effect of the mega-store referred to above will appear in the second half.
Mainland China
During the first half of 2007 operating profit from the Mainland stores have already exceeded the total amount of 2006. The turnover went up 87% to HK$449 million; it is now 25% of the Group’s total turnover in jewellery retail.
Same-store growth has been robust, reflecting the increased sales of jewellery with larger sized diamonds in many cities. Thanks to the reduction in value-added tax on diamonds imported through the Shanghai Diamond Exchange, profitability of diamond jewellery sales has improved. To facilitate the importation of diamonds a new company, Chow Sang Sang Diamond (Shanghai) Co., Ltd. was formed and enlisted as a member of the Shanghai Diamond Exchange. It operates as an importer and a repository of the Group’s diamond inventory.
In the reporting period, 13 stores were opened and 11 were located in cities where we already have presence. The exceptions were in Zhuhai, Guangdong, and in Quanzhou, Fujian. This is in keeping with the current strategy of giving higher priority to strengthening the network within cities than to increasing the number of cities covered by the network.
Looking ahead, by the end of the year, 15 more stores will have been opened, including those in Urumqi, Xinjiang and Lanzhou, Gansu. Efforts are being put into the setting up of flagship stores in Beijing, Shanghai and Guangzhou.
Capital expenditure in the period amounted to HK$13 million, mostly incurred in opening of new shops.
Taiwan
Turnover was HK$34 million, being 2% of the total. More work is being put into motivating the team to engage in brand management.
13
Wholesale of Precious Metals
Turnover from the wholesale business dropped by 23% in the first half of 2007 to HK$1,723 million and accounted for 48% of the Group’s turnover. Even though the trading of gold dropped considerably from the first half of 2006, gross profit per unit weight was actually higher. At the same time, growth in the trading of platinum and other metals made up for the decrease. Operating profit increased by 230% to HK$7 million.
Securities and Futures Broking
The stock market has been even more active than it was in the first half of 2006, with average daily turnover for the first half of 2007 at a record HK$59.2 billion. Our transaction volume for the first half shot up to HK$21 billion, being an increase of 88% over the same period of 2006 that stands well compared to the overall market increase of 82%.
Commission income was HK$47 million (+82%) and operating profit reached HK$32 million (+94%).
Advance to customers, as distinct from initial public offering (“IPO”) financing, climbed to HK$159 million as at 30 June 2007. The amount at the end of 2006 was HK$85 million. IPO financing amounted to HK$1,206 million at the end of June 2007 (31 December 2006: HK$nil). Loan quality had been scrupulously maintained and no material provision for bad debt was required.
In the first half of the year, the Group entered into a sale and purchase agreement with an independent third party to dispose of a trading right in The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) for a cash consideration of HK$500,000. The Stock Exchange has approved the transfer in July. This trading right was one of six held by the Group and it was therefore a surplus.
While the outlook for the market is positive for the rest of the year, staff attrition and personnel costs have been rising and are expected to continue to do so.
News@CHS@nline
Chow Sang Sang (0116) 1H NP $180M, up 20%; div $0.08
2007/08/30 13:07
(Infocast News) Chow Sang Sang Holdings International Limited (0116) posted a net profit of $180.11 million for the first half of 2007, up 19.5% from a year ago. EPS were $0.299. An interim dividend of $0.08 per share was declared.
Anscheinend war man mit den Zahlen nicht zufrieden:
30/08/2007
13:03 00116 CHOW SANG SANG Announcements and Notices - [Interim Results / Dividend or Distribution / Closure of Books or Change of Book Closure...More]
INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2007 (140KB, PDF)
http://main.ednews.hk/listedco/listconews/sehk/20070830/LTN2…
Chow Sang Sang (0116) 1H NP $180M, up 20%; div $0.08
2007/08/30 13:07
(Infocast News) Chow Sang Sang Holdings International Limited (0116) posted a net profit of $180.11 million for the first half of 2007, up 19.5% from a year ago. EPS were $0.299. An interim dividend of $0.08 per share was declared.
Anscheinend war man mit den Zahlen nicht zufrieden:
30/08/2007
13:03 00116 CHOW SANG SANG Announcements and Notices - [Interim Results / Dividend or Distribution / Closure of Books or Change of Book Closure...More]
INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2007 (140KB, PDF)
http://main.ednews.hk/listedco/listconews/sehk/20070830/LTN2…
NOBLE JEWELRY HOLDINGS LIMITED
億鑽珠寶控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 475)
FORMATION OF A JOINT VENTURE FOR JEWELRY RETAIL BUSINESS IN CHINA
http://main.ednews.hk/listedco/listconews/sehk/20070828/LTN2…
Kurs heute 1,15 HKD - P/E 4,18 -
億鑽珠寶控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 475)
FORMATION OF A JOINT VENTURE FOR JEWELRY RETAIL BUSINESS IN CHINA
http://main.ednews.hk/listedco/listconews/sehk/20070828/LTN2…
Kurs heute 1,15 HKD - P/E 4,18 -
Antwort auf Beitrag Nr.: 31.288.713 von NOBODY_III am 24.08.07 23:30:40
Trading Spotlight
Antwort auf Beitrag Nr.: 31.286.800 von bmann025 am 24.08.07 21:20:24Danke, bmann025, für die Links.
Alle drei Werte haben eines gemeinsam:
No Analyst Research is available for .....
Chow Sang Sang wurde von der Dt. Bank empfohlen.
Luk Fook wird ständig von Dao Heng Securities empfohlen.
Nur von Noble Jewelry Holdings habe ich bisher keine Kaufempfehlung gefunden. Anscheinend wird die Aktie noch von niemandem gecovered trotz P/E von 4,18!!!
Earnings per Share: HKD 0.2706 und das für eine Aktien par Value HKD 0,0100!
Die meisten chinesischen Aktien konnten ihren Kurs vervielfachen. Bei Noble Jewelry (0475) ist das anders. Die Aktie notiert nahe ihrem 52 Wochen Tief von 1,00 HKD (Kurs 1,13 HKD)
52 Wochen Hoch: 1,80 HKD
Hat jemand eine Erklärung für die schwache Performance und das geringe tägliche Handelsvolumen der Aktie an der Börse Hong Kong?
Ein Potential von 60 % ist m.E. allemal gegeben.
Die nächsten Umsatzschwerpunkte für die Schmuckaktien sind die "Goldene Woche" Anfang Oktober, das Weihnachtsgeschäft und das chinesische Neujahrsfest. Die chinesischen Konsumaktien profitieren von dem wachsenden Wohlstand und die Schmuckaktien obendrein von der Wertschätzung der Chinesen für Gold und Schmuck.
Alle drei Werte haben eines gemeinsam:
No Analyst Research is available for .....
Chow Sang Sang wurde von der Dt. Bank empfohlen.
Luk Fook wird ständig von Dao Heng Securities empfohlen.
Nur von Noble Jewelry Holdings habe ich bisher keine Kaufempfehlung gefunden. Anscheinend wird die Aktie noch von niemandem gecovered trotz P/E von 4,18!!!
Earnings per Share: HKD 0.2706 und das für eine Aktien par Value HKD 0,0100!
Die meisten chinesischen Aktien konnten ihren Kurs vervielfachen. Bei Noble Jewelry (0475) ist das anders. Die Aktie notiert nahe ihrem 52 Wochen Tief von 1,00 HKD (Kurs 1,13 HKD)
52 Wochen Hoch: 1,80 HKD
Hat jemand eine Erklärung für die schwache Performance und das geringe tägliche Handelsvolumen der Aktie an der Börse Hong Kong?
Ein Potential von 60 % ist m.E. allemal gegeben.
Die nächsten Umsatzschwerpunkte für die Schmuckaktien sind die "Goldene Woche" Anfang Oktober, das Weihnachtsgeschäft und das chinesische Neujahrsfest. Die chinesischen Konsumaktien profitieren von dem wachsenden Wohlstand und die Schmuckaktien obendrein von der Wertschätzung der Chinesen für Gold und Schmuck.
sehr übersichtlich (unterrubriken unter stocks anklicken)
august war bei 0590 und 0475 ex dividende
http://stocks.us.reuters.com/stocks/overview.asp?symbol=0590…
11 cent 16.8.
http://stocks.us.reuters.com/stocks/overview.asp?symbol=0475…
6 cent 10.8.
http://stocks.us.reuters.com/stocks/overview.asp?symbol=0116…
august war bei 0590 und 0475 ex dividende
http://stocks.us.reuters.com/stocks/overview.asp?symbol=0590…
11 cent 16.8.
http://stocks.us.reuters.com/stocks/overview.asp?symbol=0475…
6 cent 10.8.
http://stocks.us.reuters.com/stocks/overview.asp?symbol=0116…
Demand around the globe for gold jewellery has reached $14.5 billion (£7 billion) it has been revealed.
World Gold Council figures show that this demand is an increase of 37 per cent compared to the second quarter of 2006.
According to the Jewellers Circular Keystone, there was a particular growth trend reported in China, India, Turkey and the Middle East.
http://www.gold.org/jewellery/news/article/7417/
für werte wie luk fook mit schwerpunkt asien sollte dies auch 2007 zu einem massiven gewinnsprung führen.
noble jewelry hat immerhin auch ca. 50% umsatz in Asien + middle east, so dass ich mir deren kurse auch nicht erklären kann.
World Gold Council figures show that this demand is an increase of 37 per cent compared to the second quarter of 2006.
According to the Jewellers Circular Keystone, there was a particular growth trend reported in China, India, Turkey and the Middle East.
http://www.gold.org/jewellery/news/article/7417/
für werte wie luk fook mit schwerpunkt asien sollte dies auch 2007 zu einem massiven gewinnsprung führen.
noble jewelry hat immerhin auch ca. 50% umsatz in Asien + middle east, so dass ich mir deren kurse auch nicht erklären kann.
Chow Sang Sang erholt sich wieder.
Kurs 8.79 HKD + 5.27%
Man Sang legt 7,61 % auf 0,99 HKD zu.
Nur Noble Jewelry kommt nicht vom Fleck, unverändert bei 1,13 HKD.
Kurs 8.79 HKD + 5.27%
Man Sang legt 7,61 % auf 0,99 HKD zu.
Nur Noble Jewelry kommt nicht vom Fleck, unverändert bei 1,13 HKD.
Gold demand in China, including the Chinese mainland, Hong Kong, and Taiwan, rose 29 percent in the second quarter to 85.5 tons, the World Gold Council said in a report.
Mainland gold demand rose 32 percent to 75.9 tons in the three months ending June.
Gold jewelry demand rose 30 percent in the period to 70.6 tons while the demand of gold investment rose 76 percent by adding 5.3 tons on China's mainland.
http://news.xinhuanet.com/english/2007-08/23/content_6587970…
Mainland gold demand rose 32 percent to 75.9 tons in the three months ending June.
Gold jewelry demand rose 30 percent in the period to 70.6 tons while the demand of gold investment rose 76 percent by adding 5.3 tons on China's mainland.
http://news.xinhuanet.com/english/2007-08/23/content_6587970…
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