Dah Chong Hong Holdings (1828)

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#1
anyone vested with this counter? care to share your opinions? thks
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#1
anyone vested with this counter? care to share your opinions? thks
Reply
#2
This company ( No. 01828 HK) has many food shops around Hong Kong but its larger main business is in motor car distribution e.g agents for audi and volkswagen .

Market Cap is HK $12.46 Bil. and PE= 9.38

The share price has ranged between roughly $11.42 and $6.52 and now at closed at $6.82 ( vol : 6,.3 Mil shares)

I don't hold these shares but I am tempted to buy some shares as it seems JP Morgan & Chase have been buying recently.
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#2
This company ( No. 01828 HK) has many food shops around Hong Kong but its larger main business is in motor car distribution e.g agents for audi and volkswagen .

Market Cap is HK $12.46 Bil. and PE= 9.38

The share price has ranged between roughly $11.42 and $6.52 and now at closed at $6.82 ( vol : 6,.3 Mil shares)

I don't hold these shares but I am tempted to buy some shares as it seems JP Morgan & Chase have been buying recently.
Reply
#3
what do u mean by vol 6.3mil shares? do u mean daily or mthly figure
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#3
what do u mean by vol 6.3mil shares? do u mean daily or mthly figure
Reply
#4
(07-10-2012, 08:19 PM)pianist Wrote: what do u mean by vol 6.3mil shares? do u mean daily or mthly figure

Volume traded on friday 5th Oct.

http://www.quamnet.com/quote.action?stoc...28&x=5&y=5
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#4
(07-10-2012, 08:19 PM)pianist Wrote: what do u mean by vol 6.3mil shares? do u mean daily or mthly figure

Volume traded on friday 5th Oct.

http://www.quamnet.com/quote.action?stoc...28&x=5&y=5
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#5
(07-10-2012, 08:33 PM)soros Wrote: Volume traded on friday 5th Oct.

http://www.quamnet.com/quote.action?stoc...28&x=5&y=5
thanks for the sharing. may i ask more about this quamnet.com? is this a brokerage website or something?

btw dch holdings is a subsidiary of citic group
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#5
(07-10-2012, 08:33 PM)soros Wrote: Volume traded on friday 5th Oct.

http://www.quamnet.com/quote.action?stoc...28&x=5&y=5
thanks for the sharing. may i ask more about this quamnet.com? is this a brokerage website or something?

btw dch holdings is a subsidiary of citic group
Reply
#6
(07-10-2012, 08:52 PM)pianist Wrote:
(07-10-2012, 08:33 PM)soros Wrote: Volume traded on friday 5th Oct.

http://www.quamnet.com/quote.action?stoc...28&x=5&y=5
thanks for the sharing. may i ask more about this quamnet.com? is this a brokerage website or something?

btw dch holdings is a subsidiary of citic group

Its a financial services company. Quamnet is part of Quam No. 0952HK listed on the HK stock exchange . You can view the company profile by looking at stock *0952 on the quamnet website.

I hold some shares in 0267.HK which is also part of Citic but these are showing a loss. So better not think the "Citic connection" means its a better investment .
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#6
(07-10-2012, 08:52 PM)pianist Wrote:
(07-10-2012, 08:33 PM)soros Wrote: Volume traded on friday 5th Oct.

http://www.quamnet.com/quote.action?stoc...28&x=5&y=5
thanks for the sharing. may i ask more about this quamnet.com? is this a brokerage website or something?

btw dch holdings is a subsidiary of citic group

Its a financial services company. Quamnet is part of Quam No. 0952HK listed on the HK stock exchange . You can view the company profile by looking at stock *0952 on the quamnet website.

I hold some shares in 0267.HK which is also part of Citic but these are showing a loss. So better not think the "Citic connection" means its a better investment .
Reply
#7
Citic Pacific makes US$385 million offer to privatise luxury car distributor Dah Chong Hong Holdings
* Citic Pacific offers 37 per cent premium for DCH shares it does not already own
* Group cites thin trading volume, need to recalibrate DCH businesses

Sandy Li  
Published: 10:11am, 21 Oct, 2019
Updated: 5:09pm, 21 Oct, 2019

Citic Pacific is making a HK$3 billion (US$385 million) bid to privatise luxury car and consumer goods distributor Dah Chong Hong Holdings.

The group offered HK$3.7 per share, or about 37.55 per cent over the last closing price of HK$2.69, to buy the 43.19 per cent of Dah Chong Hong it does not already own. Shares of the distributor of Audi, Bentley, Honda, and Infiniti brands surged 30.85 per cent to HK$3.52 at the close of trading on Monday.

Citic Pacific owns 56.81 per cent of the 70-year-old distributor, which began trading on the Hong Kong stock exchange in 2007. DCH has more than 100 shops and showrooms in Hong Kong, mainland China and Southeast Asia for over 20 world renown brands. It also operates the DCH Food Mark stores, selling premium meat and seafood alongside fresh fruit and daily groceries.

The privatisation will offer investors a chance to cash out at an attractive level because of thin trading volume in DCH, Citic Pacific said in a stock exchange announcement on Sunday night.

The liquidity of the DCH shares has been low over a prolonged period, which is around 0.07 per cent of the issued shares for the last 12 months up to and including the last trading date, with an average daily trading volume of around 1.40 million shares, it said.

This low trading volume could make it difficult for the scheme shareholders to execute on-market disposals within any given time frame outside the proposal, it added in the filing.

“DCH’s business as a distributor of motor and consumer products has been challenged on a number of fronts including intensified competition and a more sophisticated and diversified landscape,” it said. These challenges highlight structural and operational deficiencies in DCH’s existing business model.”

For DCH to deliver long-term growth and remain competitive, re-engineering its businesses is crucial, according to the company statement. This will require significant investment over multiple years, it said.

Given the shares’ trading discount to the consolidated net asset value of the company since June 2015, the listed status of DCH no longer offers a viable source of funding to develop DCH’s businesses, it said.

More details in https://www.scmp.com/business/companies/...luxury-car
Specuvestor: Asset - Business - Structure.
Reply
#7
Citic Pacific makes US$385 million offer to privatise luxury car distributor Dah Chong Hong Holdings
* Citic Pacific offers 37 per cent premium for DCH shares it does not already own
* Group cites thin trading volume, need to recalibrate DCH businesses

Sandy Li  
Published: 10:11am, 21 Oct, 2019
Updated: 5:09pm, 21 Oct, 2019

Citic Pacific is making a HK$3 billion (US$385 million) bid to privatise luxury car and consumer goods distributor Dah Chong Hong Holdings.

The group offered HK$3.7 per share, or about 37.55 per cent over the last closing price of HK$2.69, to buy the 43.19 per cent of Dah Chong Hong it does not already own. Shares of the distributor of Audi, Bentley, Honda, and Infiniti brands surged 30.85 per cent to HK$3.52 at the close of trading on Monday.

Citic Pacific owns 56.81 per cent of the 70-year-old distributor, which began trading on the Hong Kong stock exchange in 2007. DCH has more than 100 shops and showrooms in Hong Kong, mainland China and Southeast Asia for over 20 world renown brands. It also operates the DCH Food Mark stores, selling premium meat and seafood alongside fresh fruit and daily groceries.

The privatisation will offer investors a chance to cash out at an attractive level because of thin trading volume in DCH, Citic Pacific said in a stock exchange announcement on Sunday night.

The liquidity of the DCH shares has been low over a prolonged period, which is around 0.07 per cent of the issued shares for the last 12 months up to and including the last trading date, with an average daily trading volume of around 1.40 million shares, it said.

This low trading volume could make it difficult for the scheme shareholders to execute on-market disposals within any given time frame outside the proposal, it added in the filing.

“DCH’s business as a distributor of motor and consumer products has been challenged on a number of fronts including intensified competition and a more sophisticated and diversified landscape,” it said. These challenges highlight structural and operational deficiencies in DCH’s existing business model.”

For DCH to deliver long-term growth and remain competitive, re-engineering its businesses is crucial, according to the company statement. This will require significant investment over multiple years, it said.

Given the shares’ trading discount to the consolidated net asset value of the company since June 2015, the listed status of DCH no longer offers a viable source of funding to develop DCH’s businesses, it said.

More details in https://www.scmp.com/business/companies/...luxury-car
Specuvestor: Asset - Business - Structure.
Reply
#8
The offer price at $3.70 is about 68% of the NAV and its not generous.
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#8
The offer price at $3.70 is about 68% of the NAV and its not generous.
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