📖 ZKIZ Archives

喜得狼專區

1 : GS(14)@2012-05-15 00:07:00

http://www.btimes.com.my/articles/20120511000047/Article/
UALA LUMPUR: Xidelang Holdings Bhd (XDL), voted by Forbes magazine as one of the best-run companies under RM1 billion last year and listed on the Malaysian stock exchange, is planning for a primary listing on the Hong Kong stock exchange.

Ironically, if the plans for a primary listing on the Hang Seng Index do go through, XDL could be delisted from Bursa Malaysia within the next 18 months.

Bankers familiar with the matter said XDL would be signing a mandate letter with Dow-Capital, a financial advisory company in Hong Kong, to help facilitate the listing exercise.

“This is not a dual listing exercise as the advisers feel that dual listing will only dilute earnings and depress the stock price,” a source told Business Times.

It is learnt that once the Hong Kong primary listing status
is granted, the shareholders in Malaysia will be given a oneyear
window to transfer their shares to the Hong Kong exchange.

“The application of transfer can be done via the company by
minority shareholders. After one year, the Malaysian-listed
company will become a shelf company,” said the source.

The plan comes just months after XDL’s controlling stakeholder
Mark Ding Peng Peng told Business Times that he was disappointed with its market valuation in Malaysia.

In a January interview, Ding said as such, 2012 would be a critical year for XDL in terms of its long-term plans here.

Xidelang is China’s second largest maker of running and skateboard shoes but its sports apparel business has been growing at a rate of 60 per cent over the last three years.

For the financial year ended December 31,2011, XDL’s shoe business contributed RM225.79 million in sales. The sports apparel, accessories and equipment divisions contributed RM228.94
million in sales.

A quick check on XDL’s latest full-year results for 2011 shows that gross profit margin for sports shoes is about 25 per cent while the gross profit margin for sports apparel and accessories is 40 per cent.

XDL, which posted a pre-tax profit of RM117.5 million in 2011, currently trades at a price-toearnings (PE) ratio of about two times, while its bigger rival Anta Sports Products Ltd, which has
a primary listing in Hong Kong, trades at a PE ratio of about eight times.


http://www.mpfinance.com/htm/Finance/20120514/News/ec_ecc1.htm
喜得狼的預測市盈率僅得2倍，遠低於在港上市同業安踏(2020)的8倍。

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2 : GS(14)@2012-05-15 00:07:31

http://xidelang.listedcompany.com/news.html/id/301683
The Board of Directors of XDL, after having made due enquiry on the press statement, wishes to inform that the Company is exploring the possibility for seeking a dual listing on the Hong Kong Stock Exchange. In relation thereto, the Company has engaged Dow-Capital, a financial advisory company in Hong Kong, to evaluate the possibility of dual listing. However, the Company has no intention to delist from Bursa Malaysia Securities Berhad (“Bursa Securities”).

XDL will make the appropriate announcement to Bursa Securities in a timely manner in accordance with Bursa Securities’ Listing Requirements, should there be any further development on this matter.

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3 : GS(14)@2012-05-15 00:07:49

http://www.xidelang.com.my/investor_relations.html

Bursa Symbol:   5156
Currency:   MYR
Last Done:   0.245
Volume ('00):   26,801
Change:   -0.005
% Change:   -2.000
Day's Range:   0.245 - 0.260
52 Weeks' Range:   0.183 - 0.297

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4 : GS(14)@2012-05-15 00:09:33

http://xidelang.listedcompany.co ... report_20111231.pdf
現金多多，盤數好福頭....1倍幾PE...痴線

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5 : GS(14)@2012-05-15 00:09:47

http://www.xidelang.com/
網站

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