Stock Name: Sunmart
Company Name: SUNMART HOLDINGS LIMITED
Research House: Asiasons WFG
Says Sunmart’s recent proposal to dual list in South Korea will give it access to funds to buy equipment and lower debt; “being in Korea opens doors for the group to tap potentially new customers and thus widen its geographical reach.” It’s shares are +9.8% at $0.225.
Company Name: SUNMART HOLDINGS LIMITED
Research House: Asiasons WFG
Asiasons WFG Securities starts Sunmart Holdings (C2J.SG) at Buy with a $0.33 target price.
Expects China-based maker of spray pumps and bottles to benefit from robust demand from country’s pharmaceutical and fast-moving consumer goods sectors; “fast-moving consumer goods as well as pharmaceuticals are showing strong growth rates within China and internationally. This would be advantageous to Sunmart’s operations” as they derive about 55% of sales from overseas and 45% locally.
Expects China-based maker of spray pumps and bottles to benefit from robust demand from country’s pharmaceutical and fast-moving consumer goods sectors; “fast-moving consumer goods as well as pharmaceuticals are showing strong growth rates within China and internationally. This would be advantageous to Sunmart’s operations” as they derive about 55% of sales from overseas and 45% locally.
Says Sunmart’s recent proposal to dual list in South Korea will give it access to funds to buy equipment and lower debt; “being in Korea opens doors for the group to tap potentially new customers and thus widen its geographical reach.” It’s shares are +9.8% at $0.225.
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