Li & Fung - Hongkong WKN 616575
| eröffnet am: | 04.01.07 20:49 von: | templer |
| neuester Beitrag: | 02.12.08 10:01 von: | skunk.works |
| Anzahl Beiträge: | 12 | |
| Leser gesamt: | 7360 | |
| davon Heute: | 3 | |
bewertet mit 3 Sternen |
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04.01.07 20:49
#1
templer
Li & Fung - Hongkong WKN 616575
Li & Fung ist ein Handelskonzern (umsatz knapp 7 Mr. €), der für Firmen (Coca Cola, Esprit, Toys "R" Us, Nike, Wal-Mart, Avon ...) alle Art von Waren beschafft, die bestellt werden.
Wie vor einigen Monaten geschahen:
KarstadtQuelle verkauft seine eigene Beschaffungsorganisation für einen dreistelligen Millionenbetrag an Li & Fung. Dieses Outsurcing wissen immer mehr Firmen zu schätzen. Karstadt wird künftig ein Dittel ihres Einkaufsvolumens von 6 Mrd. € von dem Hongkonger Unternehmen besorgen lassen.
Li & Fungs Geheimnis ist ihr Netzwerk von über 10000 Zulieferern und ihre Flexibilität neben ihrer gewaltigen Einkaufsmacht, die weitaus günstigere Einkaufspreise ermöglichen. Ein sehr stark wachsender Bereich von L & F ist der Modebereich.
Will Victor Fung, einer der beiden Firmenchefs, Hemden bestellen, so fragt er, wo beziehen wir das Garn, wo lassen wir es weben, wo färben und wo zusammennähen ?
Seit 10 Jahren sind sie auf Aquisitionstour auch in Deutschland. 2005 übernahmen sie die Bremerhavener Feuerwerkskörperfabrik Comet.
Ich glaube längerfristig sehr lohnenswert.
Gruß Templer
Wie vor einigen Monaten geschahen:
KarstadtQuelle verkauft seine eigene Beschaffungsorganisation für einen dreistelligen Millionenbetrag an Li & Fung. Dieses Outsurcing wissen immer mehr Firmen zu schätzen. Karstadt wird künftig ein Dittel ihres Einkaufsvolumens von 6 Mrd. € von dem Hongkonger Unternehmen besorgen lassen.
Li & Fungs Geheimnis ist ihr Netzwerk von über 10000 Zulieferern und ihre Flexibilität neben ihrer gewaltigen Einkaufsmacht, die weitaus günstigere Einkaufspreise ermöglichen. Ein sehr stark wachsender Bereich von L & F ist der Modebereich.
Will Victor Fung, einer der beiden Firmenchefs, Hemden bestellen, so fragt er, wo beziehen wir das Garn, wo lassen wir es weben, wo färben und wo zusammennähen ?
Seit 10 Jahren sind sie auf Aquisitionstour auch in Deutschland. 2005 übernahmen sie die Bremerhavener Feuerwerkskörperfabrik Comet.
Ich glaube längerfristig sehr lohnenswert.
Gruß Templer
04.01.07 23:25
#2
Clubfan
Gestrige Empfehlung
aus Focus Money, da steht ein ausführlicher Artikel drin.
04.01.07 23:51
#4
nightfly
schöner Aufwärtstrend
aber auch nicht mehr billig.
KGV 2007: 22,3
mfg nf
KGV 2007: 22,3
mfg nf
Angehängte Grafik:
Lifung0104F246.gif (verkleinert auf 84%)
Lifung0104F246.gif (verkleinert auf 84%)
18.04.07 12:54
#6
ferrum-2
Interessant,
ist das Unternehmen auf jeden Fall. Habe investiert, werde es aber liegen lassen und eine lange Zeit nicht anschauen. Könnte mir vorstellen,daß die Kapazität bei weitem noch nicht ausgereizt ist, da sich im asiatischen Raum noch sehr viel bewegen wird. Bin jedenfalls gespannt, wie es in einigen Jahren aussieht- bis dahin werde ich mich wohl in Geduld üben müssen:-)
14.09.07 06:47
#8
skunk.works
Li & Fu +4,8%
Li & Fung (0494.HK: Quote, Profile , Research) vaulted 4.8 percent to HK$30.60 after apparel company Liz Claiborne (LIZ.N: Quote, Profile , Research) agreed to sell four of its moderately priced brands to the trading firm's U.S. arm, the companies said on Thursday.
12.11.07 07:04
#9
skunk.works
Li & Fung Down 4.6%; Still Overvalued - UBS
Li & Fung (0494.HK) down 4.6% at HK$30.35, tracking overall market sell off (HSI down 4.2%), after mixed October U.S. retail sales data, but guidance generally not "as bad as many feared", says UBS. But aware of threats to U.S. consumers from subprime crisis, and hence to L&F. Keeps Sell call, target price unchanged at HK$28.50 (25.2X 2008 PER). Psychological HK$30.00 level maybe immediate support, volume heavy at HK$529.7 million.
Li & Fung (0494.HK) down 4.6% at HK$30.35, tracking overall market sell off (HSI down 4.2%), after mixed October U.S. retail sales data, but guidance generally not "as bad as many feared", says UBS. But aware of threats to U.S. consumers from subprime crisis, and hence to L&F. Keeps Sell call, target price unchanged at HK$28.50 (25.2X 2008 PER). Psychological HK$30.00 level maybe immediate support, volume heavy at HK$529.7 million.
27.11.07 06:35
#10
skunk.works
Li&F -4,241% = 29,35h$
Li & Fung Target Raised To HK$35.30
Lehman Brothers raises Li & Fung's (0494.HK) target price to HK$35.30 vs HK$32.25; says investors shouldn't overplay U.S. slowdown concerns on company as it doesn't expect company's growth prospect to be derailed.
Says U.S. holiday season got off to solid start with Kohl's (Li & Fung's largest customer) particularly above expectations, which "adds further comfort."
Adds other positive factors such as ongoing value-enhancing M&A activity.
Keeps Overweight for stock, which now down 2.9% at HK$29.75.
Lehman Brothers raises Li & Fung's (0494.HK) target price to HK$35.30 vs HK$32.25; says investors shouldn't overplay U.S. slowdown concerns on company as it doesn't expect company's growth prospect to be derailed.
Says U.S. holiday season got off to solid start with Kohl's (Li & Fung's largest customer) particularly above expectations, which "adds further comfort."
Adds other positive factors such as ongoing value-enhancing M&A activity.
Keeps Overweight for stock, which now down 2.9% at HK$29.75.
14.01.08 07:08
#11
skunk.works
Hong Kong's Li & Fung kept 'overweight'
Hong Kong's Li & Fung kept 'overweight' - Morgan Stanley
Morgan Stanley maintained an ""overweight' stance on Hong Kong-based trading firm Li & Fung Ltd, along with a target price of 40.0 hkd, citing attractive valuation and prospect of market share gains.
Li & Fung mostly exports to the US after sourcing various items globally.
While acknowledging that the US retail environment is expected to continue to deteriorate, Morgan Stanley noted that Li & Fung's order flow remained strong, and that organic sales trends in 2007 were better than those seen in 2006 based on figures from the company's management.
The investment bank said a persistently weak US retail sales environment could slow Li & Fung's top-line growth, but added that the company has historically been able to offset a poor retail environment with market share gains from weaker competitors.
In addition, given Li & Fung's increasing scale and global network as well as the US retailers' focus on retail differentiation through greater proprietary and private label offerings, the company should continue to be an important strategic partner for its customers, it added.
Morgan Stanley said its analysts are of the view that US retail sales growth this year will decelerate to 2.5 pct, below long-term trends but still far above 1 pct nominal growth seen in a recessionary scenario.
Li & Fung shares closed the morning session up 0.80 hkd or 3.16 pct at 26. 15.
Morgan Stanley maintained an ""overweight' stance on Hong Kong-based trading firm Li & Fung Ltd, along with a target price of 40.0 hkd, citing attractive valuation and prospect of market share gains.
Li & Fung mostly exports to the US after sourcing various items globally.
While acknowledging that the US retail environment is expected to continue to deteriorate, Morgan Stanley noted that Li & Fung's order flow remained strong, and that organic sales trends in 2007 were better than those seen in 2006 based on figures from the company's management.
The investment bank said a persistently weak US retail sales environment could slow Li & Fung's top-line growth, but added that the company has historically been able to offset a poor retail environment with market share gains from weaker competitors.
In addition, given Li & Fung's increasing scale and global network as well as the US retailers' focus on retail differentiation through greater proprietary and private label offerings, the company should continue to be an important strategic partner for its customers, it added.
Morgan Stanley said its analysts are of the view that US retail sales growth this year will decelerate to 2.5 pct, below long-term trends but still far above 1 pct nominal growth seen in a recessionary scenario.
Li & Fung shares closed the morning session up 0.80 hkd or 3.16 pct at 26. 15.
02.12.08 10:01
#12
skunk.works
L&F=13.58h$
HKCG's yield only 2.3% while Li & Fung offers 5.3% yield, which attractive "given its strong long-term growth prospects." HSB off 1.5% at HK$101.10, MTRC down 2.0% at HK$16.96, L&F down 3.7% at HK$13.58, vs HSI down 4.8% though HSBC down 5.4%.