Hello Pat: I am sure enjoying being in the Inner Circle and being able to ask questions. A few years back, I bought a stock to give me China exposure. Can you please give your opinion on China Nepstar Chain Drugstore?
China Nepstar Chain Drugstore (ADR), $2.30, symbol NPD on New York (ADRs outstanding: 98.7 million; Market cap: $225.0 million; www.nepstar.cn), is China’s largest drugstore, based on the number of directly operated outlets. Founded in 1995, the company has 2,066 outlets in 77 cities, one headquarters distribution centre and 16 regional distribution centres across China.
China Nepstar uses directly operated stores, centralized procurement and a network of distribution centres to offer a wide variety of merchandise apart from pharmaceuticals, including over-the-counter drugs, nutritional supplements, personal care products, family care items and convenience goods, including food.
In the three months ended December 31, 2013, China Nepstar’s revenue rose 11.6%, to $123.9 million from $111.0 million a year earlier (all figures in U.S. dollars). Same-store sales gained 15.8%, mostly because the company launched new promotions.
China Nepstar made $2.2 million, or $0.02 per ADR, in the latest quarter, down from $13.0 million, or $0.13 per ADR, a year earlier. However, the prior-year quarter included a one-time…
Privacy Policy and Terms of Use
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