Check out Little Sheep IPO
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/check-out-little-sheep-ipo-Posted on Wednesday, June 4th, 2008 | In Asia, China, Hong Kong, Stocks to Watch
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
The name may sound funny, but the Little Sheep (0968.HK) restaurant chain is a business well worth your investigation. Little Sheep is a chain of ‘hot pot’ restaurants that is famous for its Mongolian-style mutton dishes. Little Sheep is a huge business in China. In 2006, it grabbed an amazing 11.8% of all the full-service restaurant business in China! There are currently around 350 Little Sheep restaurants around China, but the company will be using the IPO proceeds to finance an aggressive expansion plan. At 27 times 2008 earnings, it is a little pricey, so I would wait for a pullback. You will have to wait though because U.S. investors are not allowed to buy Hong Kong IPOs for 40 days.
Last 5 posts by Tony Sagami
- World Bank Calls China: A “Ray of Hope” - April 14th, 2009
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Tags for this Post:
Aggressive Expansion, Asia, Business In China, China, earnings, Expansion Plan, finance, Funny, Hk, Hong Kong, Hong Kong, Hot Pot, investors, Ipo, Ipos, Little Sheep, Mutton Dishes, pullback, Restaurant Business, Restaurants, Stocks to Watch
Aggressive Expansion, Asia, Business In China, China, earnings, Expansion Plan, finance, Funny, Hk, Hong Kong, Hong Kong, Hot Pot, investors, Ipo, Ipos, Little Sheep, Mutton Dishes, pullback, Restaurant Business, Restaurants, Stocks to Watch
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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