Asia Consumer &Media Daily:Consumer &Media Daily
Company news
China/HK
Li Ning Co Ltd – Jan & Feb SSSg tracking well; hints from Viva China positive profit alert (John Chou)
Pou Sheng – Full-year target tracking well despite of potential slowdown in Feb (John Chou)
Cafe de Coral Alert – SSS likely in line at 4-5% for 2HFY17 (Anne Ling)
Gome – Issues USD400m 5.0% bonds due 2020
Shandong Ruyi – YGM confirms sale of Aquascutum to Shandong Ruyi
Texhong – NP up 101% to RMB1.19bn
Gree – Export sales of self-designed intelligent equipment reached RMB1bn by the end of 2016
Daqing Dairy – Profit warning
Daphne –Further update on expected net loss
South Korea
Hanssem – Recovery of growth now priced in; initiating with Hold
(Jeremy Kim)
Singapore
First Resources – Torn in between, thus a Hold (Jeffrey Ng)
Sector news
China/HK
China F&B – Hershey to reduce payroll in China
China Retail – Solid year for revitalised Dairy Farm International
South Korea
Korea consumer sector – Geopolitical issues to increase uncertainty of
business outlook (Jihyun Song)
Agricultural Commodity Prices
Asia Consumer and Media team
Manoj Menon +91 22 7180 4358 (Indian Consumer/Media)
Jihyun Song +82 2 316 8906 (Korea Retail/Consumer) e
Reggy Susanto+62-21-3189-527 (Indonesia Consumer)
Carissa Mangubat +63-2-894 6647 (Philippine Consumer/Media)
Anne Ling +852 2203 6177 (HK/China Consumer/Media, Team Leader) (Office)
+852 91221099 (Mobile)
Jeffrey Ng +65 6423 5139 (Singapore/Malaysia Consumer/Gaming)
Richard Huang +852-2203 6202 (HK/China Consumer/Media)
Mark Yuan +852-2203 6181 (HK/China Consumer/Media)
John Chou +852-2203 6196 (Taiwan Textile)
Jeremy Kim +82-2-316 8902 (Korea Retail/Consumer)