Added to YB: 2025-04-07
Pitch date: 2025-04-03
2360.HK [neutral]
Best Mart 360 Holdings Limited
+36.28%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
Best Mart 360 Holdings Limited, an investment holding company, engages in leisure food retailing by operating chain retail stores under Best Mart 360 and FoodVille brands in Hong Kong, Macau, and the People’s Republic of China.
Market Cap
HKD 1.9B
Pitch Price
HKD 1.53
Price Target
N/A
Dividend
10.82%
EV/EBITDA
3.98
P/E
7.84
EV/Sales
0.74
Sector
Consumer Staples Distribution and Retail
Category
value
Portfolio Review March 2025: Key Holdings - Best Mart 360 Holdings Limited
2360.HK (holding update): Best Mart 360 FY24: Rev +9%, Op profit +13.2%, Net profit +10.3%. Outperformed HK retail -7.3%. Closed China stores, +9 net in HK/Macau. Private label up 15.6% to 17%. 2.3M members +7.4%. Cautious guidance. P/E 7.3x, 11.7% yield. Risks: Related party deals, CEO bribery allegation (no charges). Still undervalued.
Read full article (2 min)