[caption id="attachment_2326" align="alignright" width="150" caption="China Milk Results"][/caption]
I've some time at hand to crunch some numbers for China milk. I've always wanted to do that but never really got around to doing it. Here's the figures:
I didn't read through the whole annual report nor its business in details, so let's do it another time then. Here's a few thoughts:
1) Despite the s-share saga, there are some s-shares like China milk whose business are still very sound and the debts are not stacked sky high. A cursory look at the revenue and net profits shows that China milk is very much in business despite the tainted milk saga in China too. The business is doing well without the much debts too. Debt/equity ratio is pretty good and is much lower than that in FY07. Read more...