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China Sport
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longterminvestor
Veteran |
03-May-2013 07:53
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will see how it move today again | ||||||||||||||||||||||||||||||||||
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longterminvestor
Veteran |
02-May-2013 07:43
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no dividends for china sports. China Sports say in the FY12 report of re-position of products segment towards causual and fashion wear design away from sportswear design and revamping branding and image. Move to follow other competitiors(hoping fy13 will see growth). |
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cheongsl
Master |
23-Feb-2013 09:04
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Not too sure, maybe because of January performance, sports ware are classified under clothings. Retail performance improve in January. 1月 份 ， 国 内 市 场 销 售 保 持 稳 定 增 长 。 据 商 务 部 监 测 ， 3000家 重 点 零 售 企 业 销 售 额 比 去 年 12月 增 长 4.5%。 其 中 ， 吃 穿 用 等 商 品 销 售 增 长 较 快 。 特 别 是 食 品 、 服 装 等 销 售 保 持 了 较 快 增 长 。 3000家 重 点 零 售 企 业 中 ， 食 品 、 饮 料 、 服 装 、 日 用 品 销 售 额 分 别 环 比 增 长 11.6%、 12.9%、 0.4%和 1.7%。 金 银 珠 宝 、 家 电 、 通 讯 器 材 等 需 求 增 加 。 受 节 日 消 费 旺 盛 影 响 ， 保 值 类 和 升 级 类 商 品 需 求 不 断 增 加 。 3000家 重 点 零 售 企 业 中 ， 金 银 珠 宝 类 商 品 销 售 环 比 增 长 11.7%， 家 用 电 器 和 音 响 器 材 、 通 讯 器 材 销 售 额 分 别 环 比 增 长 2.7%和 6.4%。 Export increase in January 海 关 总 署 最 新 数 据 显 示 ， 2013年 1月 ， 我 国 出 口 纺 织 品 服 装 约 246.91亿 美 元 ， 同 比 增 加 14.74%， 增 幅 较 上 月 扩 大 3.91个 百 分 点 ， 环 比 增 加 2.45%， 增 幅 较 上 月 缩 小 12.46个 百 分 点 。 其 中 出 口 纺 织 纱 线 、 织 物 及 制 品 91.81亿 美 元 ， 同 比 增 加 19.59%， 增 幅 较 上 月 扩 大 16.34个 百 分 点 ， 环 比 增 加 7.11%， 增 幅 较 上 月 扩 大 1.43个 百 分 点 出 口 服 装 及 衣 着 附 件 155.10亿 美 元 ， 同 比 增 加 12.05%， 增 幅 较 上 月 缩 减 3.47个 百 分 点 ， 环 比 缩 小 0.12%， 减 幅 较 上 月 扩 大 20.85个 百 分 点 。 |
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k3n888
Member |
18-Feb-2013 23:05
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Any news this stock? Price went up 18% today with significant volume. | ||||||||||||||||||||||||||||||||||
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095049s
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09-Feb-2013 23:01
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my money stuck here....... last year result is bad enough liao now issue another profit warning... only in my dream will it recover | ||||||||||||||||||||||||||||||||||
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lewisjong
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04-Feb-2013 20:41
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Do they pay u dividend?
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cheongsl
Master |
03-Feb-2013 07:09
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It just 3 news on well known brand of chinese shoe manufacturer. First news is about Xtep (特 步 ), which mention previously due to overexpansion in sports related accessories market, the inventory was oversupply and result in poor result, after some period of digesting, the market worst senario is over. With the Economy stabilies, and sport related accessories market recovering, Xtep stock price after big adjustment, the investment value have appear. The divent rate is 8%, suggest buy with target price 3.70, stop lost at 3.00. The second news is about Anta Sport, the inventory excessive stock have improve, estimate the 4th quarter sales drop will decline and ratail discount will be less then previous quarter by 5%. 2012/13 cash flow estimate 4.5billion / 4.8billion RMB, estimate that the company stably sales network and reatil supplier is slowly increasing the profiability, and will reduce the inventory buy back / sales receivable reserved. The third news is the sports shoes supplier stock in Hong Kong showing reversal. I believe it is still at early stage of recovery, thus if want to buy should be a long term one, not for short term investor.
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k3n888
Member |
01-Feb-2013 23:30
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Can anyone translate to English? | ||||||||||||||||||||||||||||||||||
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cheongsl
Master |
01-Feb-2013 18:58
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Have vest hope for better.
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cheongsl
Master |
31-Jan-2013 07:33
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Looks like shoe industries are recovering. 日 前 ， 内 地 体 育 用 品 行 业 因 扩 张 过 快 ， 库 存 过 剩 等 问 题 陷 入 低 谷 ， 经 过 一 段 时 间 的 消 化 库 存 ， 整 个 行 业 最 坏 情 况 已 经 过 去 。 随 着 经 济 回 稳 ， 憧 憬 体 育 用 品 行 业 逐 步 复 苏 ， 特 步 (专 卖 店 )公 司 股 价 经 过 大 幅 调 整 后 ， 投 资 价 值 渐 现 。 股 息 率 达 8%， 现 价 增 持 ， 目 标 价 3.7元 ， 止 蚀 价 3.0 元 。 (中 国 鞋 网 -最 权 威 最 专 业 的 鞋 业 资 讯 中 心 ) 日 前 ， 安 踏 (专 卖 店 )(02020.HK)的 同 店 销 售 和 渠 道 库 存 已 逐 步 改 善 ， 估 计 第 四 季 度 同 店 销 售 跌 幅 收 窄 至 低 单 位 数 零 售 折 扣 亦 较 前 季 减 少 5%。 2012/13年 的 现 金 流 预 期 为 45亿 /48亿 元 人 币 ， 预 期 公 司 稳 定 的 销 售 网 络 及 其 分 销 商 /零 售 商 正 逐 步 提 高 的 盈 利 能 力 ， 有 助 减 少 库 存 回 购 或 应 收 账 款 拨 备 增 长 。 (中 国 鞋 网 -最 权 威 最 专 业 的 鞋 业 资 讯 中 心 ) 上 证 指 周 二 急 涨 后 昨 日 在 高 位 整 理 ， 大 市 平 盘 开 出 后 窄 幅 震 荡 . 前 海 概 念 带 动 银 行 及 其 他 金 融 板 块 续 涨 ， 但 保 险 及 运 输 类 股 下 滑 抵 销 了 升 幅 ， 令 指 数 升 幅 受 限 . 尾 盘 动 力 加 强 推 动 指 数 以 接 近 全 日 高 (专 卖 店 )位 收 盘 . 港 股 在 结 算 前 走 势 胶 著 ， 恒 指 早 盘 下 跌 至 23600点 水 平 后 迅 速 得 到 支 持 。 大 盘 高 位 震 荡 ， 发 展 方 向 未 明 而 中 小 板 块 持 续 反 弹 。 体 育 股 李 宁 (专 卖 店 )(5.18,-0.13,-2.45%,实 时 行 情 )(2331)止 跌 反 弹 3.1%， 拉 动 特 步 (1368)及 中 国 动 向 (1.28,0.01,0.79%,实 时 行 情 )(3818)升 超 过 2%. 鞋 履 商 回 升 ， 达 芙 妮 (210)及 九 兴 (1836)分 别 升 3.6%及 1.4%. 服 装 股 升 幅 普 遍 在 1%左 右 。 (中 国 鞋 网 -最 权 威 最 专 业 的 鞋 业 资 讯 中 心 |
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cheongsl
Master |
24-Jan-2013 07:26
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Last year sports wear export from China increase by 18.5%. Continue to observe, any more significant recovery signal before further vest. |
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cheongsl
Master |
02-Jan-2013 05:30
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That depends on your reason in getting into the counter. There will be no one to advice you what to get in or out. As in the share market, you should be the decision maker in order to success, and learn from the experience is a truely essential requirement. I look at china sport, as the company earning did not really get into negative, where many of the sport shoe company really did not manage to survive. They are focus on niche market and make themselve marketable by patenting their technology, take their effort to sue other company to ensure the effective of their patent to the niche. Their NAV is $0.24 but trading at the rate of $0.047 currently. The counter seems to have pick up some interest recently and support seems to be in place. Volume is increasing. The intrinsic value for this counter should be around $0.11, but if the economic for the shoe industries really pickup as what the manufacturing index shown, then likely this will become a high winner counter in the long run. Thinking of getting into, but previously was worry about the fiscal cliff effect if it is not able to get over. But now will vest, of course just some amount to diversify the risk. 
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height00
Senior |
01-Jan-2013 13:59
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Hi I am currently holding ChnaAEletric, China Mining, Changtian, Ouhua and last but not lease China Sport. Do you think i should switch everything and just hold China Sport?? Thanks Tom |
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cheongsl
Master |
31-Dec-2012 12:09
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Seems like large volume start to pick up after the recent surge and retraction, is prepare for another movement? | ||||||||||||||||||||||||||||||||||
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cheongsl
Master |
16-Dec-2012 07:36
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The licensing for Ann character can be only one reason, they are expending into children shoe industries. As cartoon character is more appealling to kids, then teenager nor adults. But their shoe they produce are mainly for adults or teenage sports ware currently. The licensing shows an intention into the kids shoes ware. Kids shoe is a much better industries then adult as kids grow, the leg size increase, thus shoe need to change. Unlike adult or teenage the leg size is almost fixed, which shoe will be fully utilise until the need for change for most case.
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cheongsl
Master |
16-Dec-2012 07:23
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Seems like spring is back to the sport and shoe industries, as look at the shoe net in China which there are articals like small order now can't get the manufacturer as many of the manufacturer have close down their factory and unable to substant. Look at the FA, the china sport is still maintaining a positive earning. The patent of breathing shoes and recent licensing for Ann character, show the effort to be different from other shoe manufacturer. Base on the last 3 quarter result observe something, for 1st and 2nd quarter revenue increase is inline with the profit after tax. But 3rd quarter, the revenue is almost the same as the 2nd quarter, but the profit after tax suddently reduce so much, even lower then the 1st quarter. The cost increase drastically in the 3rd quarter. But look at their report, the cost of sales mention does not support this cost increase. They mention raw material cost decrease, they mention they close down stores to reduce competition. All this should should show a lower cost of sales. Thus suspect that their manufacturing have increase for the last quarter, that cause a suddent unproportional increase in cost. That result in quarterly profit in 3rd Q decrease so drastically.
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cheongsl
Master |
23-Nov-2012 07:33
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Quanzhou financial reforms have been approved on 13 Nov 2012, it is the third city that has approved for such reforms, the first one Wen zhou, the second guangzhou. Quanzhou main industries shoes, clothings, etc should be able to benefit from such reform, with more cash flow and better financial banking support. |
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cheongsl
Master |
24-Sep-2012 07:35
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price start to move? | ||||||||||||||||||||||||||||||||||
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jyroeder
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14-Aug-2012 04:35
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Does anyone have the email address for someone in upper management. I am involved with an upstart running shoe company in the U.S. that is utilizing a cushioning technology like no other company on the market right now that combined with Chinal Sports International's " Breathable Shoes" technology may be just what is needed to help them address poin ii of number 4. below " (ii) development of a range of high-end shoes, again using the breathable shoes technology." This would also be the solution to address the CEO & Chairman's statement to shareholders in their 2011 annual report, " Product Homogeneity in the market place has resulted in weaker demand for our own products and accordingly, our distributors , aware of the intensified competition, became more prudent when placing their orders for footwear and apparel products." Thank you. |
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ChillX
Senior |
01-May-2012 23:30
Yells: "Bleh!" |
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Attended the AGM on Mon 30 Apr 2012. Key highlights: 1. Competition in the industry remains very strong, with heavy slashing on pricing and other promotions such as free gifts or one-for-one offers. China Sports Int'l (CSI) focusses on positioning their products as casual lifestyle products and also focus on maintaining brand image through aggressive A& P and also by iupgrading their specialy stores in terms of appearance. 2. Gross margin improved as they have had good response to their new breathable shoes technology. They expect good revenues from this for 2012. To date, the company has successfully sued 6 companies that have copied the breathable shoes technology, which China Sports Int'l (CSI) takes as a very positive view of, in that other companies/manufacturers see this new technology as having very good potential. 3. CSI has recently launched only sales in collaboration with t-mall (yeli.tmall.com), which is owned by the alibaba group and has a consumer base of more than 180 million active buyers for various products. CSI is also in the process of negotiating with other online sales portals. This has good potential to improve on sales volumes. 4. Horizontal developments in the pipeline include (i). expanding on the range of shoes for kids, using the breathable shoes technology. There is a good market potential in this business as there are a lack of known brands of kids footware in China. Additionally, kids tend to be very demanding with regards footware on the need for footware to be clean, comfortable and of good quality. (ii) development of a range of high-end shoes, again using the breathable shoes technology. 5 Their factory multicomplex will be completed in June 2012. This will improve production capacity at significantly reduced cost. 6. CSI managed to obtain and start a small store within Wangfujing (very popular shopping area in Beijing) and it has been a success. Personally, if the company continues to be profitable for the next few years, and just outlive the weaker competitors, the growth potential of the company remains very good. |
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