Mindray MR Pre-announce Fiscal 2006
By stlplace on Jan 17, 2007 in Stocks, China
I summerized its year 2005 and 2006 (low end) number here. I noted that the revenue year over year growth slowed a bit (consider first 9 months growth about 41%). This can be attribute to the continuing “anti-corruption” campaign in China hospitals.
2005 2006 YoY
Rev (CNY) 1,078,573,000 1,470,000,000 36.29%
Income 205,089,000 360,000,000 75.53%
Earning (CNY) 2.40 3.73 55.42%
You can read the news here.
Both EDU and MR went down after announce a good quarter (at least good in my mind), but it seems Wall Street (or traders) did not buy that. Maybe the expectation for Chinese IPOs is even higher? I would watch carefully at HMIN after today’s jump, because I bought some HMIN shares this morning. I am sure the HMIN will beat its guidance, the question is by how much.
