D/G - Apr sales decline on operational adjustments - 4137 TT; HOLD
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Despite likely in-line 1Q16 results, April sales fell sharply. Chlitina attributed it to operational adjustments of Kleti and Chlitina franchise stores, and expects a turnaround in 3Q16.
CHLITINA HOLDING LIMITED is a Taiwan-based company principally engaged in the research, development, manufacture and sales of beauty products and skin care packages. The Company's main products include facial care products, body products and aromatic products. The Company is also involved in the operation and promotion of franchise beauty chain stores. The Company distributes its products in domestic market and to overseas markets, such as mainland China and Hong Kong.
Yuanta is a Taiwan-headquartered brokerage with a growing presence in Asia, especially across Greater China. Our team of 140+ provides cutting-edge analysis on key sectors, spread across offices in Taiwan, Hong Kong, Shanghai (A-Share), Seoul and Jakarta. With an ever-expanding coverage universe of 400+ companies, we provide in depth analysis with unique local color to investors. Consistently being voted the Best Investment Consulting Firm in Taiwan in the AsiaMoney broker poll is evidence of our strength. We target providing an extensive range of research, from small, to mid-sized, to large cap. We bring you the big, well-covered names, as well as going off the beaten track to research the less-familiar companies.
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