On track to reach 60 stores by years end as part of their direct to consumer strategy - Direct to consumer is a global trend within the consumer durables sector
Hinted at an acquisition – a likely use for their current war chest. I would be disappointed if SBB released this money as a dividend given their ROC/ROE at present
Detailed use of new office building i.e. flagship store and office block. Seems a valid approach and will reduce operation lease expenses in the future albeit a small amount
Outlining their focus on sales/marketing which is imperative in retail
Facilitating growth through investment in a distribution centre
Construction costs were expensed in the first half provides evidence of potential margin expansion in the second half
Can anyone provide clarity on the trading seasons in China i.e. is revenue biased to the Jun’ or Dec’ half?
SBB Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held