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青蛙王子(01259.HK):走势改善 侯低吸纳

Prince Frog (01259.HK): the trend is improving and the absorption is low.

金利豐證券 ·  Jun 20, 2013 00:00  · Researches

The anonymous news on the website earlier analyzed the financial situation of the Frog Prince (1259), but the stock market kept falling. There was a technical backlash yesterday, and it is believed that the relevant news has been digested one by one. In fact, the demand for personal care products for children is increasing day by day, and there has been a great increase in the future, so investors should pay attention to it.

Collect and organize the service framework, stop the poor performance of household health products, and launch "ein.b" to sell high-end personal care brands. At present, personal care products for children account for about 80% of the total income. last year, the division's income increased by 39.2% to 1.28 billion yuan, profit increased by nearly 40% to 500 million yuan, and gross profit margin improved by 1.6 percentage points to 50.6%. The gross profit margin of linked supermarkets is higher than that of other sales channels, and as the income of products with high gross profit margin increased more than double year-on-year last year, increasing the related penetration rate, profitability is expected to improve. After the run-in period, the production efficiency of the new industry in the same market has improved, resulting in an increase in overall gross profit margin of about 3.5 percentage points to 45.9% during the period.

In the past, it has focused on the second to fourth markets, but in recent years, it has actively expanded to first-tier cities, as well as large international supermarket links such as Warsaw and Carrefour, as well as domestic mainstream e-commerce platforms such as Tmall and Beijing Mall. However, as a result of active promotion activities, the sharing cost soared by 49%, which is higher than the income growth rate. By the end of last year, Jishi had 820 million yuan worth of gold and management products, and planned interest rates for bank loans and government health.

On May 29, it rose to a high of 6.13 yuan, fell back to the bottom of the Baoguanga channel, STC%K line rose to% D line, 14 days RSI rose to 46.42, higher than the 5-day line, you can take an examination of 4.70 yuan level suction, look forward to 5.50 yuan, do not fall below 4.40 yuan can continue to hold.

The translation is provided by third-party software.


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