Cemetery Giant Is Cashing In on High-End Funerals in China
- Fu Shou Yuan offers margins that are twice that of Apple
- Hong Kong-listed company sells burial plots, headstones
Photographer: Johannes Eisele/AFP via Getty Images
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As China prepares to shut down for annual tomb-sweeping holidays, one Hong Kong-listed operator of cemeteries is winning over investors and analysts with margins that are double Apple Inc.’s.
Fu Shou Yuan International Group Ltd., which runs graveyards from Shanghai to Chongqing, has jumped more than 60 percent in the past year, almost three times the pace of Hong Kong’s Hang Seng Index. All seven analysts covering the stock have a buy rating, while they project the shares will gain a further 22 percent over the next 12 months, according to data compiled by Bloomberg.