Unicharm (8113 JP): High Valuation Overshadows Steady Growth Story
Unicharm Corp (8113 JP) is a Japanese consumer goods company that manufactures hygiene products for adults and infants. The company has a presence...
884 Views
Buy Vinda (3331 HK): New Incentives, Leverage & Margins - Target HK$25.2 (Up 80%+)
In 2017, Vinda introduced a new compensation scheme that specifically targets share price performance. This appears to be part of Essity’s plan to...
437 Views
Sell Hengan (1044 HK): Relationships, Churn & Margin Pressure. Target HK$38 (Down 50%)
We are concerned that Hengan’s governance leaves minorities vulnerable, their accounts create false confidence in credit quality; and that business...
432 Views
Sector Capsule: Nappies/Diapers/Pants in the Philippines
Nappies/diapers/pants registered current value growth of 5% in 2017, to reach sales of PHP18.8 billion. Consistent aggressive promotions and new...
243 Views
Sector Capsule: Wipes in China
Wipes increased by 12% in retail current value terms in 2017, to reach CNY4.3 billion Increasing hygiene awareness amongst consumers supports the...
278 Views