reports
CSCI-Textile OEM-Nameson Holdings (1982 HK)：Technological advancemen...
Technological advancement drives growth We visited V. Success, the knitted shoe upper factory in Huizhou, shortly after its acquisition having been approved. We believe the market has yet to fully recognise the potential margin enhancement from the knitted shoe upper business, whole-garment production and growing cashmere sales. We revised our PT upwards to HKD3.8 (prev. HKD3.0), based on a higher comparable PER of 14.0x (prev. 11.0x), c.22% discount to peers average. We expect Nameson to ...
CSCI-Textile OEM-Nameson Holdings (1982 HK)：Further market share gai...
Further market share gain Nameson’s 1H18 strong results came in line with our estimates, supported by a DD percentage sales growth from its major client, Uniqlo. We see Nameson was gaining more market share, with technological advancement into the production of whole knitted garment for Uniqlo. Such technology also allows Nameson to gain new sportswear clients, hence further market share gains from product diversification. The acquisition of knitted shoe uppers manufacturing business is exp...
CSCI-Textile OEM-Nameson Holdings (1982 HK)：Great synergies from the...
Great synergies from the acquisition Nameson announced last night to acquire the manufacturing business of knitted upper for footwear and knitted uppers shoes from its chairman under a profit-guarantee for FY18E. As the key customers of the footwear business includes global sportswear brands (i.e. PUMA, Sketchers and Under Armour), such acquisition represents a market (with higher NPM of 20% than its existing apparel manufacturing of 12%), hence product diversification from the manufacturing...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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