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(26-11-2014, 08:37 PM)grubb Wrote:(26-11-2014, 05:01 PM)bmann025 Wrote: Revenue decreased by only 25.1% after last year's 70% increase.
Thus, compared with 2012, revenue increased by 27%, another significant gain of market share.
3 dollars appear to possible for the year - again.
Seems very weird to base market share gain on percentage gain. If comparing with 2012, Luk Fook's sales increased by 1.6bn while Chow Tai Fook's sales increased by 3.8bn. So it seems that Chow Tai Fook is gaining market share more..
(Of course investors look for % increases in the first place)
Retail sales numbers in above postings show an increase of jewelry sales Apr-Sep 2014 vs 2012 of approx.
26% in PRC
4% in HK
Luk Fook's revenue increased by 27%,
Chow Tai Fook's revenue increased by 15% during that period.
Hence Luk Fook grew faster ... again ... and despite depending more on the HK market.
BTW the other points ... I don't know. Analysts at CLSA liked CTF's move of centralizing inventory ownership and called it best practice. I would expect that the major players would copy best practices, if they work.