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Huiyuan Juice IPO in HKSE

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From The Standard:

China Huiyuan Juice Group, the mainland’s largest fruit juice maker, is forecast to post 222 million yuan (HK$223.08 million) in net profit in 2006, up 106 percent over a year ago. The company recorded 108 million yuan in net profit in 2005, up 486 percent from the previous year.

Huiyuan is seeking to raise US$250 million (HK$1.95 billion) through an initial public offering next month as it seeks capital for expansion.

Its peers, milk producer China Mengniu Dairy (2319) and Tingyi Holdings (0322), are trading at 33.8 times and 36.7 times 2007 earnings respectively.”

Comments: like everything else in China, the growth is astonishing. Don’t expect to make quick money on this one though. The expectation will be reflected on the price when it debuts…

huiyuan juice

The ticker symbol is 1886.HK.

1 thought on “Huiyuan Juice IPO in HKSE

  1. […] It was not too long ago Huiyuan Juice, one of the largest juice maker in China, went public in Hongkong Stock Exchange. Now Coca Cola (NYSE: KO) is buying it for 17.9 billion HKD, at more 200% premium of the stock closing price (4.14 HKD) as of August 29. Coke is paying 12.20 HKD per share. […]

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