Huiyuan gamble intended to hit 5 billion carbonated drinks
In the April to October season approaching beverage sales, no one can sneak in a beverage company.
Have published results for the entire beverage industry rejoice Master Kong Turnover increased 19% year on year to 5.1 billion U.S. dollars, of which more than half a drink, and the growth rate as high as 32%. Want Want net profit of 313 million U.S. dollars, up 19% Dairy And drinks is also the largest contributor. Coca-Cola China has become the world's fastest growing market, its acquisition of adults Huiyuan Also recovered, the net profit of 230 million won last year.
Money, the capital increase plan is not absolutely new expansion push. Ratio Unity Two or three years, one billion in the mainland to drop plans for a more ambitious, the Master Kong investment this year in 500 million U.S. dollars, Want Want also just the fourth round of capital increase in the expansion in Hubei Province. And Sprite Tea and soft drinks to ice + small test market different is that Huiyuan generous big way to invest 5.0 billion Juice Le plus fruit juice such as soft drinks new. Prior to the advent in the summer, the entire beverage industry has been ahead of warm, rising into a new round of oscillation.
Master Kong beverage growth rate of 32%
Lead to confidence in the entire beverage industry is the Master Kong the data, the last week of the 2009 filing shows a turnover of 5.08 billion U.S. dollars, up 18.9% improved; net profit surged more than 2008 The 260 million U.S. dollars increased by 47.2%, reaching 383 million U.S. dollars. Cake plate which only 3.06% of the total, only 3.54% growth, Instant noodles Plate is 45.41% of total turnover, sales of 2.307 billion yuan, an increase of 10.68%, total profits increased by 66.66% year on year to 253 million yuan. And according to AC Nielsen's report, based on sales, Master Kong instant noodles market share of 54.6% of the Mainland's new high, the expectations of Master Kong chief financial officer Frank Lin, the 2010 bottom, the figure could be raised to 60%. However, the highest growth rate is still drinks sales growth as high as 32.11%, Frank Lin refers to this figure has already reached the mainland GDP growth of 2 to 3 times, and finally around the corner drinking tea and bottled water's share of the two sub-areas 48.4 % and 19.6%, were the first.
Despite impressive achievements, but because this is since 2004, Master Kong the smallest increase in overall sales rose a year, JP Morgan lowered its underweight from neutral, price target lowered to 16.5 Hong Kong dollars, and will this year measured lower 5% of profits, expected revenues and earnings grew 19% and 17%. Merrill Lynch also rose due to recent price target price 20 yuan, down to a neutral rating from buy, while profit down 3% -4% test. The investment banks favored the same is another food giant from Taiwan Want Want. Its annual report released earlier in 2009, 1.711 billion U.S. dollars to achieve the total revenue, up 10.1%, but ultimately, net profit than the number of Master Kong, as much as 313 million U.S. dollars, up 19.03 percent, which is also the performance of dairy and beverage growth in the largest meritorious.
Taiwan enterprises have made a one pours, the largest domestic juice maker Huiyuan has finally been revived. Its annual report released last week, revenue increased by 0.5% year on year to 2.83 billion yuan, gross profit margin from 32.2% the previous year rose to 36.0%, net profit of 233.5 million yuan, up 162.5 percent. This time last year by Coca-Cola acquire Huiyuan Zengyin case tribunal failed to pass the anti-monopoly law, resulting in dropped $ 4, and performance has suffered heavy losses in the first half turnover fell to 880 million, recorded six months dropped by 42%, gross profit margin Big fell 25%, low in recent years. Huiyuan outside the original full-year results expected loss will be recorded, but the surprise is that the second half of its revenue increase 122% in the first half, net profit of 162 million yuan, up about 40.2%. JP Morgan to its target price raised to 6.50 from 4.00 HK dollar, and that the 2010 fiscal year revenue growth of 34%.
At the same time, and Huiyuan was once closely linked with the name Coca-Cola While China has not released specific data, but because of a Coca-Cola, the world's fastest-growing market, achieving double-digit growth for eight consecutive years.
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