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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Suning.com Co., Ltd.    002024   CNE000001KF2

SUNING.COM CO., LTD.

(002024)
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France's Carrefour expands in convenience stores in Taiwan

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06/02/2020 | 03:49am EDT
FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Merignac near Bordeaux

By Dominique Vidalon

French retailer Carrefour said on Tuesday it had agreed to buy food retailer Wellcome Taiwan from Asia's Dairy Farm, making it the number two player in Taiwan's convenience stores market.

The transaction, with an enterprise value of 97 million euros ($108.00 million), covers the purchase of 224 stores as well as a warehouse and is expected to close by the end of the year, the statement said.

Wellcome Taiwan posted net sales of around 390 million euros in 2019.

Carrefour, which currently operates 137 stores in Taiwan, including 69 convenience stores under the Market banner, is the country's fifth largest retailer. PX Mart is the largest convenience store operator.

Carrefour posted net sales in Taiwan of nearly 2 billion euros, EBITDA of 209 million euros and recurring operating income of 83 million euros in 2019.

While it expands in Taiwan, Carrefour is retreating from the highly competitive Chinese market where, last year, it sold 80% of its loss-making operations to electronics retailer Suning.com.

($1 = 0.8981 euros)

(Reporting by Dominique Vidalon; Editing by Kim Coghill and Carmel Crimmins)


Stocks mentioned in the article
ChangeLast1st jan.
CARREFOUR -1.43% 13.13 Real-time Quote.-10.90%
DAIRY FARM INTERNATIONAL HOLDINGS LIMITED 0.26% 3.79 End-of-day quote.-33.63%
PHILEX MINING CORPORATION -2.73% 5.35 End-of-day quote.89.05%
SUNING.COM CO., LTD. 0.73% 9.68 End-of-day quote.-4.25%
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Financials
Sales 2020 289 B 43 021 M 43 021 M
Net income 2020 1 057 M 158 M 158 M
Net cash 2020 12 869 M 1 918 M 1 918 M
P/E ratio 2020 88,7x
Yield 2020 0,39%
Capitalization 89 785 M 13 344 M 13 384 M
EV / Sales 2020 0,27x
EV / Sales 2021 0,22x
Nbr of Employees 42 196
Free-Float 29,9%
Chart SUNING.COM CO., LTD.
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Suning.com Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends SUNING.COM CO., LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 12,72 CNY
Last Close Price 9,68 CNY
Spread / Highest target 44,6%
Spread / Average Target 31,4%
Spread / Lowest Target -1,86%
EPS Revisions
Managers
NameTitle
En Long Hou President
Jin Dong Zhang Chairman
Xiao Ling Wang Chairman-Supervisory Board
Wei Min Sun Vice Chairman
Xiang Sheng Meng Director & Senior Vice President
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