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Last $23.55 HKD
Change Today +0.45 / 1.95%
Volume 6.7M
As of 4:01 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

china resources enterprise (291) Snapshot

Open
$23.75
Previous Close
$23.10
Day High
$23.85
Day Low
$23.10
52 Week High
06/18/15 - $26.15
52 Week Low
03/16/15 - $14.04
Market Cap
57.3B
Average Volume 10 Days
7.3M
EPS TTM
$0.01
Shares Outstanding
2.4B
EX-Date
09/29/15
P/E TM
2,284.2x
Dividend
$0.16
Dividend Yield
1.15%
Current Stock Chart for CHINA RESOURCES ENTERPRISE (291)

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china resources enterprise (291) Details

China Resources Enterprise, Limited, an investment holding company, is primarily engaged in the retail, beer, food, and beverage businesses in the Chinese Mainland, Hong Kong, and internationally. It operates multi-format chain stores primarily under the CR Vanguard, Suguo, Fun Square, Ole, blt, V>nGO, Voi_la!, Chinese Arts & Crafts, CRCare, VIVO, and Pacific Coffee brands. The company also manufactures and distributes beer products under the Snow brand name; purified water under the C’estbon brands; and beverages under Kirin brand names. In addition, it is involved in the businesses of rice, fruit and vegetable, meat, frozen food, and modern agricultural production; operation of livestock abattoir and supermarkets; livestock raising; trading of foodstuffs; distribution of foodstuffs; and financing, consulting, and property investment activities. Further, the company operates China Resources Hope Town development project. As of December 31, 2014, it operated 4,866 stores, 98 breweries, and 44 beverage plants. The company is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. The company is based in Wanchai, Hong Kong. China Resources Enterprise, Limited is a subsidiary of China Resources (Holdings) Company Limited.

257,000 Employees
Last Reported Date: 08/21/15

china resources enterprise (291) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $4.0M
Chairman
Total Annual Compensation: $2.6M
Chief Financial Officer, Company Secretary, E...
Total Annual Compensation: $5.8M
Vice Chairman
Total Annual Compensation: $5.5M
Compensation as of Fiscal Year 2014.

china resources enterprise (291) Key Developments

China Resources Enterprise Eyes Brewery Acquisitions

China Resources Enterprise Ltd. (SEHK:291) is geared up for acquisitions in the domestic brewery market after selling all of its loss-making non-beer assets. "With some HKD 10 billion stand-by credit from our holding group and support from our partner SABMiller, we have plenty in our war chest for acquisitions in the domestic market," said Chief Financial Officer Frank Lai Ni-hium.

China Resources Enterprise Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

China Resources Enterprise Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported turnover of HKD 94,660 million compared to HKD 83,506 million a year ago. Profit before taxation was HKD 1,496 million against HKD 1,280 million a year ago. Profit for the period from continuing operations was HKD 1,058 million against HKD 817 million a year ago. Loss attributable to shareholders of the company was HKD 4,327 million or HKD 1.79 per basic and diluted share compared to profit of HKD 929 million or HKD 0.39 per basic and diluted share a year ago. Consolidated net borrowings were HKD 4,345 million as compared to HKD 8,063 million a year ago. Net assets per share book value were HKD 18.21 compared to HKD 20.14 a year ago.

China Resources Enterprise Ltd. Omits Interim Dividend for the Six Months Ended June 30, 2015; Provides Special Dividend Guidance

China Resources Enterprise Ltd. announced that taking into the accounts of the proceeds from the disposal will largely be distributed as a special dividend, the Board has resolved not to declare an interim dividend for the six months ended 30 June 2015. In 2014, the company has paid interim dividend of HKD 0.11 per share. The company announced that the first half of 2015 was a critical move for the strategic transformation and long-term development of the group. Due to the support from independent shareholders, the resolution approving the disposal of all of the group's non-beer businesses ­ including retail, food and beverage business to China Resources (Holdings) Company Limited for a total consideration of HKD 30 billion was passed at the company's extraordinary general meeting held on 3 August 2015. The proceeds from the disposal will largely be distributed to the shareholders in the form of a special dividend. Subject to the fulfillment of conditions as stated in the company's circular dated 9 July 2015, a special dividend of HKD 12.30 per share is expected to be paid by the end of October 2015. The special dividend and the subsequent arrangements will be announced at a later date.

 

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Industry Analysis

291

Industry Average

Valuation 291 Industry Range
Price/Earnings 83.9x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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