Hu An Cable Holdings Ltd (“Hu An”) is one of the top ten integrated cable and wire manufacturers[1] in China. Based on the accumulated results from 2Q2010 – 1Q2011, Hu An’s is ranked top four by revenue among seven listed firms in China. In addition, according to my personal compilation of 14 listed peers in Taiwan and China, Hu An has the lowest FY10 PE and highest ROE. Against the backdrop of the positive mid – long term industry prospects, I have arranged to meet Hu An’s CFO Sharon Xue for a 1-1 discussion. Below is an abridged version of the matters discussed.
Hu An’s 2nd TDR – in progress
Barring unforeseen circumstances, Hu An remains committed in executing the 2nd TDR Programme. They have obtained all the approvals for their 2nd TDR Programme in August and have about three months to carry out. If necessary, ...
